Ann: Result of Entitlement Offer, page-7

AN even better question is now that they are cashed up and virtually 100% cash backed at these levels, will management cease receipt of salaries in cash and instead opt to be paid in shares so as to make the shell most attractive to prospective back door listers?

Or will they spend the full allotment on paying themselves and their mortgages?

I guess time will tell, but looking at the current share price it doesn't seem like the market holds much hope!