The alternative is $0. $250 is not a lot but is $250 more than...

The alternative is $0. $250 is not a lot but is $250 more than $0.
I would have little doubt that if the company goes into liquidation that there will be absolutely nothing left for the shareholders after selling the plant as scrap and paying the creditors and administrator.
To give you the $250, Ascent is putting up $800K and the new investors $3.8M. If they are doing a capital raising from existing shareholders instead to come up with that money, would you subscribe to it?
And there is also that faint hope that the company may be worth more than $0.005 a share after relisting. Now, isn't that priceless?
I would vote yes and even hang on to the deflated shares after this near-death experience. Afterall, I have already written off my investment so having 100K shares of a listing company for 'free' is a bonus.