trading halt, page-7

Just noticed that the sell orders in ERHCA have been pulled, why? I asked myself.
Placement coming for sure and not a call on the ERHCA.
Why I asked myself.
Because BSN has 27.5m ERHCA and NO Money to pay any call.
To convert their 27.5m will cost about $9.2m which I'm pretty sure they do not have.
So the best option is to place shares say at 47c which gives BSN enough time to sell some of their 5m ERH to help pay for the call if and when it happens.
Common financial people helps their cause.
We watch with interest the out come. IMHO