"Dont give up so easily on the capital raising - reward your shareholders by issueing a 1:1 contributing shares with an initial call for 3c paid with another 3c due in 6 months and attaching a free 20c option."
It is a likely course to take. But I would qualify it...including the offer of running off Bowtie.
Existing shareholders may want to respond to gdavid73 who has put the option forward to replace the board.