Ann: Non-renounceable Rights Issue Prospectus, page-5

I don't know who would support this raise unless you're already a holder in the poop.

If you are it half makes sense to give the company hope by reducing the loan amounts.

They would have been far better trying to raise capital at the time the loans were activated that trying to raise funds down at this point.

Specs are always held to ransom by loan debtors. Never a good idea unless you got good income already coming in.

Although this has been the utter SShow I am still hopeful they make a go of this and actually claw their way out to something more positive.