I really don't see how this would be possible. If it wasn't for this rights issue the share price would still likely have been 13c probably more which would give it a marketcap approaching $50mill. Calling in the debt (if that was even possible within the contract) wouldn't give anywhere near enough shares to induce a takeover. I don't think it has anything to do with this type of scenario.
Ann: Extension of Voluntary Suspension, page-29
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Mkt cap ! $15.73M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.1¢ | 1.0¢ | $6.613K | 605.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 3143824 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 547604 | 2 |
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