can't even raise 250k, page-9

For current shareholders it looks to be all over. Sure the company may survive in some form but current shareholders are likely to lose everything especially is there is anything of value there.

The RI was setup to fail from day 1 and so it has proven. Am I risking moderation by stating that it may even have been intentionally setup to fail so alternatives deals could be arranged, otherwise I don't know how they can even make the comment that they expect to be able to announce alternative funding shortly. Whatever the deal it is likely to have the same outcome as voluntary administration.

A truly disgracefully managed company.