The major shareholder is the only one supporting the company, or...

The major shareholder is the only one supporting the company, or it would collapse- still might, given the amount of legal action against it, and the $ quantity. Worth a read of what it involves. If there were any major holders who cared about the control of the company, they could easily do a takeovers panel application, due to the company raising @ 6c, when the share price was/is at 5c, as it is obvious that no-one else will really contribute anything to this raising, accept the major. My guess is that everyone just hopes WLC can stay alive, and without this financial support, WLC would be done like a dinner.