Ann: Trading Halt, page-32

Yep, they will have around $7.5 million cash after all of this. You are right in that if you take up your rights the dilution is just the capital raise, but if you don't take up your rights then dilution is 50%. Using Petra which is not great either.

There is plenty of news flow coming up, but we had simply run out of money, had no choice. As I said the guys assumed they could easily tap the market for a bit more at any time, but instead we have this.