That's the 3rd extension for a CR of a piddly $1.5m. Why don't...

That's the 3rd extension for a CR of a piddly $1.5m. Why don't the underwriters and directors just take up the new shares?

If they can't raise $1.5m they have no business being on the ASX. If the underwriters obviously don't want to play - how on earth do they expect retail holders to keep topping up?

Seems pretty suss to me that someone throws $7,500 in at $0.04 this morning - has to be an attempt to con some suckers into taking up the $0.036 rights issue? VWAP is still only $0.03 for the past month, I don't like the smell of any of this.

Buy side ranges from 2.6c to 3.5c - who in their right mind would pay 10% above the next highest market buy price?

Yes I'm bitter and twisted having poured lots of cash down the RNT drain in support of their concept, but I'm hoping folks should see straight through these current shenanigans.

DYOR