Ann: Gulf Capital Raising Update, page-248

In the half yearly they seem to think they can raise 1.5m from existing shareholders because they've "had no difficulty before".

I agree 100% with you. Management do not get another chance at this.

Either they come through with capital raising or its lights out.

If there's no significant progress in tomorrow's announcement, it's obvious the SI is doing a runner like Pak which begs the question why Pak's counter offer was not disclosed but rejected after 19 days.