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Tuesday, July 23, 2019 10:24:21 AM
What was the train of thoughts for this TO? After the miserable first TO and without any material news in the pipeline, this time it will be better for sure?How many TO will be necessary to sufficiently clean up the warrants? Theoretical five, ten or fifteen new TOs with 5MUSD each?
If the outcome of the current TO is in the same category of the last one, one has to ask about the sanity of Nader and the BOD. Or was this an act of desperation since TOs are the last resort for financing, since even Paulson is out and all announced possible financing deals did not materialize?
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