I would have made a 1 for 10 rights issue priced at 50 cents for ALL all shareholders - meaning about 75 million shares being issued.
But I would have added a nice sweetener with each share taken up entitling the investor also to one option - either free or at price of just one cent - exerciseable at 75 cents any time in the next three years.
An issue like that would have been a no brainer to succeed imo.
Ann: Trading Halt , page-59
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