Thanks all for the research and insight. If we all take up our...

Thanks all for the research and insight.

If we all take up our entitlements the underwriter gets nothing but options at 10c. If there's a shortfall she gets a modest 5% of the shortfall as fee along with potentially a lot of stock at 5c each.

I don't understand is why she would agree to 5c.
(begin wild speculation)
On the information in the public domain you would drive a harder bargain. The debt provider took advantage of the fact that the coffers are empty. Maybe they know more than we do. Maybe the company survival is their motivation. Maybe it's a management team? - I suppose we'll see in good time.