Time to off-load this Mermaid, page-76

I know, people are out there for their own interest. I mean, capitalists are a bit nicer but yea, we're human too

Serious note, I meant to say that it is to the large shareholders interest to bail out MRM with a minor loan and generous terms to them. So for example, get a decent, say 8% interest... with option to convert to equity at x price in the future.

That would avoid a massive dilution, good for their own holdings with or without convertion. And good return on whatever amount they're lending at the moment.

Buffett and others have done this kind of capital injection when the business is in distress.

So while a complete and democratic equity raising is possible, the options available to MRM is not just to either raise equity or go broke.

And this is assuming that there's little operating cash coming in since June 30th, and assuming that no other income and no debt collection, no boat sales all through the next FY17 that they cannot repay the principal and other obligations.