No need for accusations or flogging PC, everything said is a pretty reasonable assessment of the current situation and would be hard to argue.

Most salient is your point on large warrant holders who but for the warrant expiry would have otherwise felt obliged to support the share price. Rather they are pissed off and seem to be making their group point by 'unsupporting' the share price, perhaps they even have an objectve in mind, a sp target, a single digit. Next pp with warrants should be very attactive to many and a successfully directed message to management.

So your right, GNH, needing financing soon, is in a hard place. They may only have one card left to play and this is where I belive current circumstance trumps past experience. A delayed anything is most often a bad sign, but in the current market and with current large investors pissed, it may not be so. They need a game changer to have made the right decision regarding warrant extenson. If they believe they have it then they delayed to fill the RE basket with all they have, everthing. They release it, and then they shop for financing. They are still betting 0.25+. A way better than expected RE and re-kindled support from our bruised significant investors would, in my opinion, get us there. I like it when mgmt is successful. It means they made good business decisions in the past. The opposite is also the case I hate bad decisions, so I agree with you, 'no catching the knife on the way to the floor,. You can still average down if and when it turns up.