Swimming in debt.More asset sales, further discounted raisings...

Swimming in debt.
More asset sales, further discounted raisings or both?
Shareholders sitting on big losses, yet voted the merger through.
Management are the only winner.
They have collected management fees and performance fees while the nta was pushed above $3/share.
Now that NTA has crashed would they return the negative performance fees?
No- new fee structure has removed performance fees and increased the annual % paid.

Reminds me of the old Dixon US property fund where management were the only winners. Collecting management fees as they go, renovating all the properties while taking a clip on these activities all the while debt grew, cashflow was negative and NTA shrunk.