"As this rights issue is fully underwritten CHM effectively has another $2.29M in the bank and as much as it erks you you need to realize that their are parties who stand to make a lot of money from the CHM relisting who are determined to see it have its day in court."
Who has fully underwritten the rights issue?
And is it fully underwritten,have you seen the prospectus yet?
chm bank balance nearly all gone, page-3
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