Ann: Updated Indicative Timetable for re-domiciliation, page-3

Fair assessment. It’ll be hard to raise at a premium with a pending class action, that’s a whole lot of unknowns.

Even when circumstances are good, you usually get a substantial discount for participating in a capital raise.

Wouldn’t it be better to wait until the ASIC/CA cases are resolved?

it’s also worth mentioning that there is a capital facility available to these guys (circa $30m if memory serves) and that is going to seriously dilute current holders (would be good if someone could be bothered to dig up the terms).

I know that the cornerstone investors have put serious money into this venture, and have no doubt that they’ll do their very best to try and turn things around, but you’ve got to admit that it’s not going to be easy to raise new capital at the moment.