They might find out the hard reality if they do have to put...

They might find out the hard reality if they do have to put their hand out for more money soon. Instos will avoid them like the plague. I can see AGM being on the banned "blacklist" of instos/find managers/hedge funds. I would imagine there are some high level meetings going on today where this Fin Review article would be discussed. AGM management are now "poison" in terms of credibilty.
It will make no difference though because the reality is that ZFX will have control shortly and Mr Howland-Rose will be on his bike. Very foolish of him. He could have had a very cushy position as General Manager, ZFX Nickel, but he chose another path.