deadfish
"The board needs to face facts" sums up the problem.
A problem acknowledged is a problem half solved.
Today's (21/1/2014) announcement of 2.14% acceptance of the 250:1 offer is evidence of another failure by this board to face facts.
Interesting to see how this will be addressed when the HY 2014 accounts are released in late Feb.
How many rabbits are left in the hat?