Ann: Trading Halt, page-86

Having had time to digest this there are two options (assuming these articles are correct). If there is a large part of this raising that is a rights issue to existing holders that limits the effects of dilution as (assuming you have the cash) you can just take on more shares. Conversely if there is no retail entitlement, this means sophisticated investors have stumped up 40-50m at a price that is still 22% higher than the 16c they could have bought on market for consistently over the past few months. If this is the case does that not signal strong confidence in new managements vision and ability to implement?