everyone guessing its going to be a cap raising with more SP...

everyone guessing its going to be a cap raising with more SP dilution and a consolidation of existing, with the oppies having no chance of anything

What are we talking about here? its only 90 million

Then mention of the investment bank could lead to the company getting a loan against assets

The company will then have still 4 billion on market

Oppies run out i think aug 2011

What if the decide to keep everything as it stands, wait for the oppies to be converted and then do a consolidation

Then the investment bank gets there shares, MHL have been given the chance to get the oppies across the line which no doubt all revenue offered to the bank

This seems to be a far easier way to do it!

the bank only has to wait 6 months to get shares and cash as well as their share of funds whilst the wells have been producing for 6 odd months.

just seems so much easier to take the money by some sort of convertible note, get the oppies into the money the a 10 or 20 to 1 consolidation

any thoughts??????