Ann: Update on Entitlements Offer , page-4

A failed capital raising isn't exactly good news. Unless the CR is abandoned completely, this means more dilution, not less,

The fact that they withhold basic information from shareholders really reveals their attitude and priorities. They discussed the exact amount received under the capital raising with their bankers, but shareholders are fobbed off with vague platitudes.

If it was genuinely "close", and their financial performance is genuinely improved, why do they need to "enhance and extend" the CR?

What do they think they are achieving by treating investors with such disrespect? Do they think they are likely to get more support if investors don't have all the facts?