unless my calculations of the shares are wrong (and they very...

unless my calculations of the shares are wrong (and they very well could be) doesn't lazarus control 22% of the stock?

the company needs a minimum subscription of $37m from the rights issue to (a) get the placement and (b) the loan; don't they?

If lazarus doesn't participate i think the amount tops out at $30m.....
he HAS to participate (maybe not him personally but his companies need to)
Or maybe i misread some of the info........