buying support, page-33

A supplementary prospectus would presumably be required if the financial position of the company is materially different from that advised in the original prospectus (which seems likely if they need to grant shares or options to secure temporary finance) or if their debt or cash positions have altered significantly (which I imagine they have).

I'm not sure of the extent to which they can alter the rights price or the basis of the entitlement - certainly we know they can alter the closing date as has already been discussed.

I think they are running out of options and are hoping that one of the options 1 - 3 becomes a favorite before structuring a revised offer. It probably make sense to extend the deadline to give themselves some wiggles room AS LONG AS they can get operating cash on acceptable terms to see them through to the rights cheques coming in and clearing.

A cashed up true believer sophisto could probably do themselves a pretty good deal about now :-)