VWAP, page-9

Starting sell the projects for cash, engage an independent review of the debt to Slipform, stop selling when there is enough cash to pay slipform down to a sustainable level, and enough capital to complete a project (or even half a project with a partner).

If there is another capital raise, the existing minority shareholders might as well kiss their investment goodbye as particularly all existing equity will be diluted away.

The question for you, before you participate in the raise, is knowing now what you did not know before, would you invest in this company again and at what capitalisation would you look for as your pre-money entry price?