Could you please elaborate, as the shares before trading halt...

Could you please elaborate, as the shares before trading halt were 9.8 cents. The present 53% subscription takeup says a lot about the high dilution? Here we have a decision that virtually overnight more than halves the value of the existing 600 million odd shares. Why should I need to outlay about 200% more money for the chance to maybe break even? One other negative that has been mentioned a little time ago on HC was the sale of 25 million shares by director Mark Creasey? 1 week into the share issue process? It was suggested the sale was to fund other mining interests? Surely a conflict of interest & at the very least a lack of regard for shareholder confidence during the new share issue period.