Raising 7m at 20 cent and consolidating current shares at 1/20. Seems paying over 1 cent is immediately doing your money unless you think they are going to be heavily oversubscribed. At 1.2c would need to be 24 cents plus brokerage just to equate. I think the raising is too high (ie raising too much) to allow a big demand on listing.
Just my opinion. I have no stock.
cheers all
