I just can't see them getting away anywhere near, say, 50% of...

I just can't see them getting away anywhere near, say, 50% of what they're asking. RTR's June EO could only manage 35%! I'm assuming the POS Board is acutely aware of the challenge and have very likely super-sized the offer to get whatever the market will give.

Talk about throwing good money after bad. Instead of winding the company back to a basic skeleton cost structure it's turning into a case study in value destruction. And there's still dumb money sitting on the bid at 0.4c. We'll see how long that lasts.

I feel like the guy who broke his leg after jumping off the train 1/2 a mile back who is now sitting on the berm watching a high-torque low-speed derailment.

Cheers,
Z

PS. Check that free oppie count. The freebies will only be 1 for every 3 entitlements accepted. In any case, just more potential dilution on top of dilution, just to make the train wreck a little more interesting.