QED3 Nov 2009 14:15
should confirm if they want to raise funds or not, agree. the funds they intend to raise are for growth on the greenwich project, not really for survival although it helps. at least the direction is there instead of just concentrating on survival by which that phase is over. i'm supportive of the RI because this is a great company, but i need to raise more funds. in that article i posted previously, they were looking at other investors to raise the funds as they foresee growth in the future and they want to capitalise on that. this will help in the long run for the assets they have had to dispose to survive. but if they are unable to find another investor, i suppose they will turn to us, the shareholders.
the market is probably thinking this fundraising is for survival and therefore QED is oversold. but in all, QED should make their stand clear and i hope that will be soon.