Never believe the vested interest is to see it go higher. The single, only, number one, fist priority, it to make money from the deal and that does NOT imply, infer or require the SP to go higher. 5.2 before costs but only 4.2 underwritten. What do you think the main cost is and where does that money go....
This is a very normal raise with a very normal stunting the SP scenario. Early stage in the project and this is the unfortunate reality and how things generally go.
The choice now is do you partake of not. Each to their own on that one.
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