I smell bad news, page-20

"so there's plenty of value in the scrip yet". Zero value at the moment actually. The cash at bank will be burnt fast and we dont even need to mention the bank debt. If it is a placement to the sophs ,who need to get put of this at breakeven, then your scrip will be diluted massively. If it is a CR then your scrip currently holds a small amount of value if you consider averaging down.

The past history and baggage of this lot makes any entry at the moment a pure punt on red or black without having first looked at the last 10 spins.

And the options, well, the upcoming CR/Placement could have new options to render the others basically useless imo. Each raise seems to do that.