Rennie, the only point in my post that is even remotely speculative is that current shareholders are footing the bill for this pp. But based on its size, and the requests that have been made on other boards to participate, I think it's fair to say that at least some, if not most or all, is current shareholders buying the pp shares. 

The new board was voted in partly on the basis of having the financing that AE seemed unable to procure. So how can it be "quite a feat" to raise this cash? They already had it lined up, according to them. Maybe they meant other, bigger placements. But nobody has told us anything about any other funding sources.

What is your source of info for stating a $0.30 pp was in the works?

What happened to Chahar and Mustapic? Apparently they have left. Shouldn't that have been NR'ed?

Rennie (and others), I absolutely welcome people picking apart my, and any other, posts with logic and facts, civilly. I'm less inclined to be onside with your picking apart the poster.