proposed $16.5m capital raise

Understand terms are as follows:

* 1:1 rights issue @ 10c -- fully underwritten -- non-renounceable
* Further $1.5m placement under 15% rules.

Non-renounceable part interesting - underwriters must want to scoop up leftovers at 10c

Compared to how it might have looked, this is not too bad.
Now that cash shortfall issue covered, would have to be a decent bounce on reopening on Tuesday. $15m market cap absurd.