87 percent take up of offer speaks volumes, page-2

Entitlements taken up due to large discount. Otherwise, no way. Because of current market and especially TAM's record of failure. Repeat FAILURE.

There would seem to be only two possible outcomes within the next 12 months.
1) Closure (70% chance)
2) Share price appreciation to
min 2cps
av estimate 5cps (if TAM promises come true) ??????
max 12 cps (unlikely) Maybe find "Welcome Stranger 2"

So possibly worth the gamble. ie about a weighted 3x payoff.
That is what it is, a gamble.
Put down 0.5 to make a 30% chance of a 10:1 payoff.

Greed again has overcome my commonsense.