i think at the time of that decision (knowing the thought process of management) it would have been more abt believing sp moving to 20c and then consolidating to a 2$ sp
2$ share on asx is all abt perception
the issue with the raise they did is thay didnt get the cornerstone investor - they got associates who got the 20% uplift and sold.
Thus momentum in sp has to come from fundamentals and that takes time to put runs on the board esp. from a company whose survival has come from deal making rather then good prduction and management thereof. You have to convince people you know what your doing and can get to self funding and to show a longer term future not just ten years but 30 years - so can c they have a lot of work to do still. The former is whats immediately important and thats what hopefully gets us to 13-17c nxt 12 months
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