decision, page-32

Hi exee

Your comment:

"So the only possible reason to put more cash in would be speculation that several parties would want to use the CR to get control of the assets - which I think would still be valuable without the debt burden. If there is competition for control of the company then just maybe the shares will trade above 8c after the CR, and options will be worth something and a change to recover some losses."

This makes sense to me and can explain - only logical explanation I've seen of why offering is so cheap and with the options on top.

But then I'm a conspiracy theorist!!