RE:good news for people who like bad newsmarek1........you said, " the critical path has come and gone has not been met. We are now stuck...."
You are absolutely correct. This is a BiG Disappointment.
HOWEVER! As I have stated in my previous posts, we are at the point of no return: either this is is going to do something, OR RCF is going to foreclose. We are not at foreclosure yet.
And if it comes together, the rollback and rights offering will not, by definition dilute. As long as porportional shares are offered and purchased.
This is a terrific project, mis-managed as it has (or maybe it was managed on purpose to produce the current result). My concern is if they did this on purpose, then somebody is going to wind up with a valuable project that will someday offer a return, and we, the retail investor. will be left holding the bag. That's what might hold me back from climbing on for more pain, knowing the string holders control everything and we control nothing.................