trading halt - cap raising, page-11

An SPP is not a viable option to raise enough cash on its own.
A Rights Issue requires a prospectus, and therefor disclosure. They wont go the rights issue in my opinion.

So I suspect sophisticated investors will be supplying the funds or a third party

I suspect retail investors will be locked out of the cheap shares.

If you are not a sophisticated investor get ready to take one for the team yet again.

I must say if the company had allowed the covertable notes to weave their magic, MAE would probably be trading well below 2c. So stopping the convertable notes has done existing shareholders a big favour, and allowed the cap raising to go ahead at a higher price.

The half yearly hinted at restructuring TTT and Lajolla as well as a Cap Raising.

Would like to know what happened to the Banks $5M in convertable notes?

How much cash can they raise?