When the Chairman made that statement, it was based on NO MORE CASH COMING IN.
Since then, cash has come in.
He had to say that, because he couldn't have shareholders & noteholders vote without being fully informed. If he had made it all rosy, then he would have been negligent.
I don't understand why everyone focused on this single aspect without context.
Oh well, all the better to buy now.....25%/33% better in fact!
With the price here, it means Dutchess won't be around.
Bring on the reconstruction 100:1
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