capital raising

In the interests of generating a useful topic it might be a good idea to discuss what may happen moving forward... There is two options.. Administration (been debated to death) and Capital Raising.....

We obviously need to raise some cash and this has been confirmed to happen this Qtr a few times so the goal posts haven't been moved in the last few announcements which leads me to think it will happen very soon....

My concern is how much are they wanting to raise??? A recent announcement mentioned $5m to $10m but they probably need $20m +....

If they come to the market at 3c for $20m + there will definitely be a white knight sitting in the background as whoever underwrites it is likely to get alot of shares!

What's everyone's thoughts? Cacoethes.. Any comments???

ps... we don't want to hear about administration or evils of the past or the fact that PC drinks too many lattes but some decent discussion re what may happen if they go down the capital raising path.