To average down or to bale, page-8

If this company had a different board I'd be tripling my holding at this price. It doesn't and I haven't, but I'm considering it anyway. The most persuasive argument for me was the choice to raise much more capital than they need at a 60% discount. Why would you do that if it wasn't just a stunt to hand out cheap shares to your mates? I've never seen anything like it and I've been around for awhile.