AHZ Technical Analysis, page-51

There really is much to like about the company. What puts people off is that management stated that it would be cash flow positive by now. Also that there would be a huge uptick in sales. This was all a fantasy. They also said no more CRs, and a director left on short notice while saying he would support the company, all the while selling all his holdings - he was number 2 at the time.

So now no one trusts management, and they state that even with the raise they will run out of money before they go cash flow positive. They can't raise money in AUS, and don't use traditional brokers (who won't touch them) all because everyone has been burned a few times to many. So they have found a firm in china, and now a hedge fund in the US who are willing to tip in, but rather than take it to holders they are having a rights issue, which is really a CR in disguise because they can't do another CR without shareholder approval.

So, is it a bargain? Yes! and No! The only winner will be the one freshly holding the company when the music stops, but no one knows when that will be - or if it will happen at all.