You are already under water as the last CR was at 3.5c - since...

You are already under water as the last CR was at 3.5c - since the CR, shares have been trading below issue price by around 10%. Next CR will be at lower level - plenty of time to top up if one wishes to - my guesstimate around 2-2.5c which will further dilute the heck out of it.

If there were to be a private takeover, shareholders will be offered a premium of what maybe 30% at VWAP - work out numbers - holders diddled out for a princely sum of around 3c/share. That's my take and I hope to be corrected. How can anyone trust any of these people. Oh yes, there are two Australian directors on board - what would they know about shareholders being shafted? They've only been around for a few weeks. Do they give a toss?? ASM may get a higher private offer and recoup some of their losses - even if they could, is there a guarantee that retail holders would be offered the same sort of deal?

No option but to hold. We wait and see - continued destruction of retail holders holdings??? Shambles - unless you're the vendor.