Ann: Quarterly Activities Report- Dec Qr 2018, page-20

i tend to agree that it may be headed to that scenario of a cheap raise....however i think your idea of a loan back would trigger a 249d immediately.
the risk of a low raise is something i postulated a while back, with these points specifically....
1....does Vaz really have the backing of new blood/money to get control?....i dont believe that...
2....if a raise is done via a broker...Pattos for example...how will Vaz control the stock?....the risk is the stock gets tossed onto the market, allowing for a predatory move.....he basically needs 100% control of the new stock.
3.....if the outside party offered .0035 and isnt invited to the larger raise, then they will either walk away, or, as i suspect/theorize, that they would simply commence an on market raid, mopping up anything under .0035.....just a theory though, as it isnt known publicly,which side they are on, or, who it is.
4....another possibility is that Carl may have lowered his weapons, allowing this raise to go, in order to calm the waters and progress the Judith project.
i for one wont be happy with a low raise, but, it will give an opportunity to load up.
the announcement was quite clear that there are hassles in the boardroom, and that a resolution may happen prior to calling a meeting. Such a meeting slows things down, and, as was shown from the previous aborted meeting, that any power play from Vaz's side could be a highly risky venture.........i for one, would prefer for it not to reach that point...far better to avoid bloodshed, and just get on with a financial conclusion to Judith.

we await....