I can't believe you are talking about folding. Seems like a...

I can't believe you are talking about folding. Seems like a total overreaction. I haven't heard anything like it. There are exploration companies on the ASX that have survived for decades - these crew have been around 5 mins as a stand-alone entity. You make it sound like it's basically justifiable extortion: 'Give us 4 Million bucks or we'll fold the company and you lose everything'.

The issue is the amount of shares they want to issue, and the size of the raise, and the timing of the raise. They've bungled it, yet you are blaming the shareholders.