RE:No PP filled means that there's no CONFIDENCE in BAY..simpleTrust me - I get the implications. I literally just said shareholders could lose all their equity without an equity raise.
If AW1 at 80% of stock is valued at $55m; and Aston at 20% cant clsoe a PP priced at $7.4M; I would be surprised.
Certrainly the flow through nature of the AW1 financing is helping them; and Aston cant do the same for Storm (not their project - not their expenditure).
I do not know the insiders - other than Thomas (no money) and the Virginia boys. It wil be an intersting month. This is certainly not good news.