Under 10c? and with 32m fp, even a 1 for 1 is only going to...

Under 10c? and with 32m fp, even a 1 for 1 is only going to raise 3m.

eg. It will need to be more substantive, a 4 for 1 at 0.8c or something, but then unless they address the cash burn, and funds needed to get a strategic on board to put funds in, its all over.

If you were siemens, wouldnt you just now allow it go into admin, and steal the IP from the administrators DOCA process ?
Shareholders get next to nothing.

Its a train wreck of capital and corporate management who have failed to shift the expenditure to a major, or deliver momentum what they could have if their ethics were not so boy scout.

In order to convince the market that its not good after bad, they need to outline the roadmap, use of funds, how far that gets, and what will drive momentum of interest, rather than burning office chairs.

DANGER - Run Will Robinson.