To me personally, I don't know that it is that bla

To me personally, I don't know that it is that black and white;

Did Hanks know that convertibles that they issued would result in dilution? Yes. Did he know that the share price in 6 months would be damaged when they converted? Yes.
Did he know in April 2017 that the share price in Feb 2018 would be so low he might need an RS to stay on the QB? I don't know.

That's open to interpretation right? They are appear to be trying to pay off the notes with the Crown Bridge monies, so that would indicate that they are trying to avoid the conversion to shares by paying them off. If they thought that they would be progressing and that construction would start in early 2018 maybe they thought the PPS would not be where it is today? Its obvious he doesn't PR to manage shares price. Maybe he hasn't PR because the deals aren't ironed out yet? If he doesn't have the deal secured, he cant know that he will get it done in the QB window. Hence the RS?

The skeptical view is that it was all thought out as you laid out.

There are footholds for you to stand on either side right. I wish I had the answer.