Unfortunately they don't have much choice unless they close the joint down.
Yes it is unfortunate, and the people stumping up more cash are either crazy brave or stupid.
No real guidance on when break even will occur, because as it stands this cap raise gives them about another 6-12 months only.
Change in auditors from Pitcher Partners to EY is also interesting - both share the same views with a Qualified Audit Report and Going Concern issues.
Ann: Rights Issue Offer Document, page-3
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