Letter and MD&A if you dig it up I found both interesting.
Most unusual was the commitment to NOW keep shareholders informed on the progression of the various financing and partnership offers, through the summer, as they progress.
My problem is this...if is were not for GWmovement they would have left that SP rotting, possibly into the teens and even single digits, while they reviewed the offers that they have now noted. Shareholders would have had one heck of a summer wondering whether BNC was going under. For flushing that , thanks GW!
Their hand was forced to disclose this information to shareholders, with their survival as a management group and BOD dependent on it. I think that it would be foolish to believe that any of this information would have been disclosed otherwise, no matter the damage to the share price or investor confidence in the stock.
Now at least shareholders can decide whether it is all a little too little and a little too late!