2.98 vs 1.7 minus 6 points1) That is dilutive to the conscripts
2) deals take about 90 days to put together
3) those that attended the AGM stated Fred said there
would be no dilutive financing and he didn't couch
that in legal weasel words such as "it is my belief at this time"
Conclusion:
He in simple English lied.
Sorry Bespando your the only one still drinking the cool aid.
or
He really didn't know the board was doing the deal behind his
back in which case he wasn't doing his job and should be fired
for incompetence.