Ann: Further Update on Capital Management Considerations, page-4

The shareprice therefore the return to BPAM will go nowhere untill BPAM withdraws from its profit gouge. Its Admin cut is already draining working capital and forces BFC into using finance for working capital. I dont believe they are using the correct business ratio.
BPAM must go for BFC to go forward and provide the returns to its shareholders and Founders.
Currently BPAM is feeding admin and not the business. That cannot persist.
I am lost why management cannot see this after its experiences of the last 12 months.
$35m blown and now borrowing money.
####sheesh#####