The rights issue is perhaps one way the creditors can get some...

The rights issue is perhaps one way the creditors can get some of their money back. They are the underwriters of the shortfall , the funds will be used to pay down their debt so they are hoping there are enough suckers to take up their rights to pay down their debt.
Never seen a company go from 400 million shares to 17.5 billion in 2 years. Having said that I doubt they will survive to see 17 billion shares on issue
I feel for all the past and present holders. To think at what stage I had 400k tied up in it. Thank God I sold out at the first sign if trouble