rights issue

I'm overseas and a bit cut off. I've been in GXY since October due to a dud share tipper (lost money everyday since) so not too up on the history.

Whats the general consensus. Is taking up the offer throwing good money after bad, or is not taking it up playing into Chinese hands and letting yourself be diluted away?

Worth a punt or just plain stupid and just another move towards the next cash-grab excuse?

Will GXY ever get off the ground or if we stick with it will the Chinese have to eventually buy us out???

My worry is that if there was any chance of the share opening up at anything above 8c, 3/4 of share holders will dump their allocation on day one.

Comments please....

Neil