Calm downWhen I recall the power issue mentioned by Stan Henry the Mayor of Cat City (a few months ago) and tie that in to:
a) yesterday's PR
and
b) Shadd76's post today, I am convinced that mgmt is telling the truth. Dealing with sources (SoCal Edison or whoever the power co is) outside mgmt control is not easy. I just wish mgmt gave more detail in yesterday's PR.
If Shadd76 is to be believed that OK and NHS will be closed by end of August (I hope he meant August 2019) then we are not looking at major dilution.
Also, Shadd76's explanation regarding why Leith went under 10% makes sense.
Mgmt sucks at PR. Just remember how they put a trading halt late on a Friday last year (recall it was due to some stupid thing like raising some cash thru share issue at that). Any sane mgmt would have provided more detail, or better yet, not even put a PR out now regarding the delay until after OK and NHS was sold.