in reality, many businesses on the ASX operate on the consensus...

in reality, many businesses on the ASX operate on the consensus they'll raise cash if strapped. insolvency starts to hit once shareholders say 'no more' and money can't be raised. that's when big discounting occurs to tempt shareholders to participate.. then share price tanks. look at AHZ for a perfect example of this, or ADO. that's a real danger here. benefit for Mint is there is a book with value that another competitor may be interested in. it's no surprise that Director loans were used last time to fund Mint. suggest directors already feel the weight of possible low participation rates in a capital raising. will be interesting to see how next funding is organised. best outcome, imo, would be to get an single investor to throw in a few million for shares at a 15-20% discount.

what is everyone else's thought?