This is the part that makes me think things are turning ugly...

This is the part that makes me think things are turning ugly "inside the clubhouse".

This was the opportunity for the top 20 to grab as much as they could, but if the underwriter needed the conditions changed that would only have occured because the uptake by T20 was not enough, leaving them with a huge obligation.

The question is why didn't the T20 take up their fill?
If they are truly that fed up with Bruce we would be hearing of an EGM right now. This is just all around a f*ed up situation.

It all comes back to the mentality behind the perspective "the share price will take care of itself". How different would a capital raise look at 12 cents in comparison.
Let it take care of itself though, like it doesn't impact your ability to maintain capital.

Holding because there's not much left to lose at this point.
Wont be participating in the new cr, not that it matters.