The rights issue is underwritten. Which is great given that I...

The rights issue is underwritten. Which is great given that I don't think that there will be a big uptake. The BOD have pledged $60k which is not much. Then we have EUR. we do not know if they will take up their rights. Then we have Winnance another unknown. Then we have several groups that were given shares for various projects in the past. Are they going to stump up? So there will be plenty of shares not taken up.
RM just got another group of investors for us. They are only eligible for their entitlements.
Then what should happen is the shortfall is open for ALL existing shareholders to request additional shares. Any shortfall after the existing shareholders are serviced are open for RM to take up by either getting more clients to take up or take the remaining shares themselves.
The negative of RM taking up the shortfall themselves is that their business is making money vs investing so the extra shares will be back on the market at a small margin.