Creating or destroying shareholder value??

Since the company went into trading halt on the 11th of March to announce the capital raising, the SP has slid from $1.29 to $0.845 today (less than 14 weeks period), representing a 35% drop in SP.

It has been in almost freefall since the 29th of May ($1.03)

All major brokers (IG, Commsec, Morningstar, Baillieu Holst) have a strong buy, yet the SP has been dropping.

Doesn't make sense...