Anybody in the mood ?, page-23

The fact that regulators do not make it harder for these companies to operate , shows some sort of affiliation.

All small companies have the problem that management costs, are a far higher percentage of revenue {placements--- rights issues| than large companies.

Management is often very aware that the company is insolvent, yet say things like we are able to go to the markets for further funds.

Stronger regulation is needed.