Here is a thought from left field. Aren't there 2 directors of WSTL that own 67% of the outstanding stock, between them?
Shouldn't we see that as a positive, because of how strongly their personal self interest is tied to WSTL.You would think they will make sure, WSTL's cash situation gets resolved.
If these directors felt they had to, I imagine they could personally stand behind a temporary bridge loan for 25 mil., based on the 80+ mil. net worth of their shares, alone.
I'm sure the directors would rather not put up their personal wealth as collateral. But you would think, given no alternative, they will do what they have to, to preserve the value of their shares, down here, by helping to make sure WSTL is able to meet, or renegotiate its capital raising, dead line. |
