Jelly, no matter how we look at it, unfortunately, the capital structure of this company is completely messed up now. With 2b on issue at anywhere between 1c-3c you are, and will forever remain, a penny dreadful (which only provides some day traders with a bit of joy down the track provided there is some volume in the stock). For longer term holders who "believe the dream" (e.g. most of us), we will be confronted with a capital reconstruction at some point down the track - could be 12 months or 5 years, but it will happen. That will repair the capital structure but the times that capital reconstructions have been done successfully over the past 5 years you can count on one hand. Sorry for the pessimistic view - maybe I need to get out of the northern hemisphere cold and back into the Australian summer to cheer me up!
