Despite the best efforts of the company I wouldn't be surprised...

Despite the best efforts of the company I wouldn't be surprised to see this investor back out of the funding deal at the last minute forcing gulf to have another significant capital raising.  Unfortunately this has been the case over the last five years where sigur committed to a 20 million funding deal before backing out at the last minute then there was parasite pak  who almost sent the company into administration after reneging on a binding agreement.  Third time in this situation and anything could happen and that uncertainty is being reflected in the current price.