Fairly close to my guess the other day, pity nobody else...

Fairly close to my guess the other day, pity nobody else played....

"Anyone willing to have a stab at how many shares sold in the rights issue? I'll go first with 150- 200m raising around the $1.5m mark. Added to the tax refund, enough for another quarter at best before they go back to the market."
196m, towards the upper end of my guess, gives another quarter's worth of cash at the current spend rate, given the tax refund.

So what next? Back to the market at .6c?

I still suggest the company is foolish for not going the consolidation route by now. Now there is not really any other choice except doing it now then going back to the market. 20-1?, 40-1? What's your choice?