What we really need is to remove the question marks.
The first being, what does the cap raise look like?
If they go the direction of SI, the last thing you want is bucket load of options with low strikes as sweeteners, plus the 5 points or so hurt money fee on top.
They should try and raise some serious cash and maybe head down the route of cnotes at a decent premium to the current sp, avoiding dilution and building confidence. I for one would be happy to review cnotes.
Whatever the choose, let's just hope it's announced soon.
Mav
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