Given all the negatives that have been brought up (Lack of transparency/Management incompetence etc) is it possible that this was their plan?
Directors have taken up their full entitlements in the rights issue, which will be paid back to them in wages, won't it? What if they wanted shareholders to sell short. Then called a suspension, locking out new shareholders, only to find a cure for their woes at the last minute, then reopen trading at a significantly higher price with the expectation new shareholders will buy in, making the company more money.
Surely if they were insolvent they would have known about it.
Surely full disclosure was not met
Won't shareholders be covered by such deceit?
