They (Rajena and the new ceo) know that no one is going to...

They (Rajena and the new ceo) know that no one is going to participate in the CR. Rajena nd the new ceo need to take the SPs up to convince the new and existing SHs that the
current ceo is capable to deliver revenue growth. No one is going to participate in the CR until SP is above $0.15/s. Rajena nd the new ceo need to work hard to deliver growth and attract institutional investors. People will feel confident when SP is more than $0.15/s.

Rajen's shares are already down to a huge parcentgae. Further CR will devalue his shares as well.
They can pay the fee from each year's income. ASIC needs to get the audit done so that they must not channel money to their buddies in the name of overvoicing and nepotism.
For Rajen and the compnay to restore image, they need to

• follow the book audited by KPMG or similar
• deliver revenue growth without hanky and panky
• they need to make the company attractive and ensure that SHs are happy
• ensure Rajen and the new ceo work together to executed the collagen and other projects
• ensure Rajen and the new ceo comply with ASIC and the ASX
• ensure Rajen and the new ceo need stop taking money through backdoor
• ensure Rajen and the new ceo give value to the shares they hold, which they can legally do in the form making the compnay Shares attractive, and/or giving dividends
• ensure Rajen and the new ceo work together to clean the slates of Rajen for Rajen to lead the compnay if at after 4 years
• build good relationship with the SHs
• take efforts to increase the share price to a point when/where the SHs are/will be confident about the capability of the new ceo who can execute more than commitments
• avoid all bluff
• increase public relations to attarct new institutional investors
• ensure check and balance to avoid sucking money throuhg backdoor or any other means
• be transparent to the SHs and ASIC through regular audit by experts knowing their business well
• .....

ASIC has done a very good job. The company (HCT) is expected to show good performance for the top holders including Rajen and the new ceo to gain values out of their shares.