Why would a company with the money in the bank that POH is getting need to raise cash. No award and we are toast other than the shell with listing fees paid.With a payment award millions in the kitty.Far from diluting shareholder wealth by way of a cap raise the actual decision to be made is what next.I would be in favour of returning ALL the money to shareholders.Sack the board.Liquidate the assets.I do not see any reason why the directors should decide how much shareholders get as opposed to what they want to retain.There has been no commercially useful action in the lab or otherwise advised to shareholders for years. The company has run its course.
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