Two words re management: Absolute Joke Two words re Credit...

Two words re management: Absolute Joke
Two words re Credit Raise: Absolute Joke
Two words re Greenpower Update: Absolute Joke
Two Words re OHD (in todays update): Absolute Joke

Credit Raising:
Actually stunned, although I highlighted this ages ago that they needed to raise more when they did, re post #31142722 More disconcerting now is the mention of a "strategic review" of their current asset portfolio, which in the past has basically meant that assets will be sold off, do we have assets to sell?
The linked post is just to highlight the ongoing asset sale / credit raises over time but I haven't bothered to update it with the more recent raises but you will get the idea.....
https://hotcopper.com.au/threads/ann-appendix-3b.3685578/page-39?post_id=27232485#.WxUYpVOWRm8

How much will they be able to raise?
As per the Greenpower Update today, they are utilising the remainder their "Placement Capacity" which from the most recent announcement (12th April), Completion of Share Purchase Plan (was exempt from the Placement Capacity) an Appendix 3B attached had the remaining placement capacity as 16,474,951.
https://www.asx.com.au/asxpdf/20180412/pdf/43t4h77478fvrr.pdf
Which in itself is a little confusing as the announcement (22nd March) Cleansing Statement with attached Appendix 3B had remaining placement capacity as 2,460,341
https://www.asx.com.au/asxpdf/20180322/pdf/43snj5xvnd8166.pdf
If we go on the 16,474,951 as being the correct figure they aren't going to raise too much, so the logic or strategy behind the capital raising is bewildering to say the least. The trading halt also does coincide with the closing date of the Small Share Sale Facility which could also provide a further 14,717,593 (maximum, if none of the Minority Shareholders don't advise the company they wish to retain their small holding)
The sale of these sales could be "on market" or "other than on market" and the price will be whatever GPP can negotiate with an acquirer/s but will not be less than the simple average of the 5 preceding days (that GPP shares were trading) from the "Retention Date" being the 6th June.
https://www.asx.com.au/asxpdf/20180419/pdf/43tbhxx53sr6kv.pdf
At a maximum GPP have 31,192,544 shares they can issue without Shareholder Approval. If I was to make a guess, I would suggest that Xcel Capital may be the recipients/acquirers of these shares and could explain Bulesco's sudden resignation.
Is the "Placement" just stacking shares to thwart any attempts to replace the board?

Why are we doing another placement 10 weeks after the last 2 raises??
From the quarterly announced 20th April (for 31st March) GPP has AUD$3M, even if you include expenditures (balance of Phase 3/Kopang/Admin/Exploration and securities), there is a balance of AUD$2.3M remaining. The main interest will be at what price the raise?

If I was a participant in the SPP/Placement I would be somewhat peeved unless of course management can raise at a "premium" to the last 5 days VWAP..........

OHD (in todays update announcement)
Is contrary what shareholders have been advised of previously. Seriously, this management should go back and read announcements before they contradict themselves as per what they announced on the 26th Oct 17.
"Updates on all the steps described in this particular announcement will be issued as they occur."
https://www.asx.com.au/asxpdf/20171026/pdf/43nldbdnpt9pjk.pdf

Board replacement
On the street talk, rumours and innuendo is just that until/if the 249D is issued and it is made known who they intend to replace the board with, and what they will be offering.
Does the board need a shake up or replaced - you bet it does, the performance of the current management is disgraceful, lets see what the Requisitioning Members are offering.....

All the above IMO only
cheers