What Happens Ifwhat happens if none or very little of the rights to purchase are exercised, does the company need to go back to the market for more funds possilby in the form or a private placement for short term working capital until they get PC right?
I am aware of the fact that a bunch of the rights were backstopped by the inside group but i would imagine this cash was received at the time of the backstop and has since already been used to finance operations although I am not sure if this is the case, maybe someone else can clarify?