The company is finished - I would not be putting any more money into it by taking up the rights issue.
There just is no point.
I doubt they will receive a large amount of funds anyway and if they do it wont take long until they burn through it and require another cap raise.
Horrible management!
ASX should be looking into this...
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- Ann: Prospectus for Renounceable Rights Issue
Ann: Prospectus for Renounceable Rights Issue, page-12
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