I was informed they were taking legal advice on the Malaysians...

I was informed they were taking legal advice on the Malaysians decision to bail from the cap raise which was clearly not in the Companies interest and so in breach of his duty as a director. However, I think this may have been to just to appease disgruntled shareholders - he is still on the Board so it wouldn't do your prospects with the company much good to take action against him and, despite everything he has done, he has got a ship load of money and alot of shares so not someone you would want to annoy.

I recall there are only 400 odd shareholders so a SPP or rights issue wouldn't be much use (even if they did give retail investors an opportunity to partcipate)even if all investors put in $10k that would only be $4M and I certainly wouldn't be throwing good money after bad.

So they need a JV, divestment , a change of heart from Tan Sri Abu Sahid Bin Mohamed or a takeover??

Tempting to buy at these levels but the future is very uncertain.

Good to have some life in the thread at least