agreed MJ, just one of the points I've consistently made:
If the placement cash is so badly needed then management should resign for allowing a great small company to be mismanaged to the point where they cant manage what they could when oil was $10/bbl and debt wasn't an issue... and the SP was $1.50.
If its not that bad then why are they transferring $43M of whats left of the co. to OS insto's.
Note as the Co has stated other than select clients of Patto's the only people to have benefited from this transfer of cash are the European insto's who aren't shareholders and deserve nothing let alone whats left of existing shareholders capital.
Cant have it both ways Towner. Which is exactly what CVC appear to be saying.
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