Here are what I think will be the Funding Options in order of most to least likely
1: Barryroe FO with up front Cash Payment
2: Convertible Loan eg 40m one year either paid back at end of year or converted to shares at that time.
3: Placing between a few large investors at price higher than present unrepresentative low Share Price eg 150 pence 30 million shares
4: Rights issue
Do not see the major shareholders agreeing to a rights issue at 25pence. This would be shooting themselves in the foot and automatically valuing all their shares at 25p. It is obvious that just because a small percentage of shares are traded at 25 pence it does not mean all shares are worth 25 pence. I could pay 20 euros for a share on Monday Morning. Would that be the true value if the share !!!!!
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