tipping point, page-28

It would probably be wise for them to raise at least $8m to give them another year of operation. They should be planning it right now as the longer they leave it the more likely the share price will fall further from fear of a capital raise.

Potential revenue sources that would offset the need to raise capital:
1) GPI - will take longer than expected. Things like this always do. Its a big takeover that crosses borders.
2) N/A

If I were in charge of this company and had just announced an AGM date where the expectation is that the Board will receive their second strike on remuneration and will, in all likelihood, be removed and replaced...I would be out there raising as much money as I possibly could to 'friendlies' so that come AGM there were 15% more shareholders likely to vote my way. You'd be surprised what I wouldn't do to protect a $500k-plus-shares-pa wicket.

So beware the hugely discounted capital raising, as those 'friendlies' would be looking for a favour of their own. By way of really cheap shares.