Now let's suppose Zeiss or MR put up 2 million for an issue of...

Now let's suppose Zeiss or MR put up 2 million for an issue of 100% more shares.
50% dilution, right?
Sack the lot and fly out their own people.
A year later offer to convert oil shares for their shares in a 1 for who knows how many OIL shares.
Who would not vote for it.
What would the SP open at?

I doubt that will happen because they will want the tech under their own wing immediately after the dismal past.
However, I would not consider they are broke and that's the end of the story.
It may be but where there is good technology there is always hope...