News: Continental Coal raising up to $35.1M through rights issue, page-15

The Holder in me thinks - I want this company to go broke if I don't participate in the entitlement offer as my shares will be worth peanuts.

and:

Can't believe they have the gall to ask for more money after draining me dry since 2011.

The Investor in me thinks: the whole energy sector has taken a massive hit since 2011 and is just starting to come out of the dull drums. CCC @.005 with no debt and energy prices on the way up could be a great short term investment if I participate in the entitlement offer.

Is it really managements fault or just bad luck? Both IMHO

Either way I've decided to participate in the entitlement offer because I'll get all my money back if it's not successful and am fairly sure I'll make some quick cash before Christmas if the EO is successful.Will I be a long term holder in CCC? Definitely not unless a complete change of management.