RidiculousThe votes are clearly not there for the OM.L transaction, there is a reasonable offer on the table from RD, and they decide to do a PP ... of which approx. $35-45k/month (im guessing, could be more could be less) will go to pay the salaries of the top 3 executives while the company continues to drift.
A third of shareholders approach a competitor seeking a buyout ... its pretty clear that Management has lost the faith of some significant shareholders and I would venture to guess most of the "retail" shareholders.
At this point I, and it sounds like a lot of people here, would rather own shares in a company with RD's Management team developing two excellent assets than continue down this road.
Explore the RD offer and put it to a shareholder vote before another dilutive PP is completed.