Ann: Entitlement Offer - Eligible Shareholder Letter, page-16

Unless the company does something to get the SP up quick smart they are really going to struggle raising the $15 million. The bank wants $20 million so if the rights issue falls over then it is going to be back to the market again at a much, much lower price.

This really was totally preventable. If they had set the price at 35c they probably could have got $10 million in the insto/SI raise and the rights issue would have been easy. Not only doesn't the company know how to mine they don't even know how to do a CR.