RE: RE: RE: Quiet Hunter Hall is maintaining their % ownership, so it makes no difference to them what price the PP is at. For example, if they currently own 40% of the company, they would need to chip in another 2M (40% of 5M) to keep their same ownership of the company. Whether the PP is at 6 cents or 2 dollars, they would still chip in the same amount, 2M.
So from their perspective, they are indifferent. If anything, they might prefer to see a cheap PP, because that will put more shares into the hands of management and help provide more incentive for their employees (at the expense of existing shareholders of course). But Hunter Hall will not care about existing shareholders, and I don't blame them for that. It's not their job to do so.
I do blame Jo, because it's the CEO's responsiblity to put shareholder's interests ahead of his own, and he failed to do that. It's hard to keep trusting a company when its executives do that.