Battle Has Began (WHOG) Game On (Bottom Reached)

Mike.L - there is a cashflow issue but the balance sheet is ok - it could be better but its not the problem you make out. There is a large debtor figure which I will concede may hide some bad debts but most will eventually become cash - I really dont have a problem with a 1/1 rights issue at say 30% discount to market price - this will ensure WHOGS future and negotiating position in the trade. Yes they must embrace change and amend their past misdeeds - this alone is the issue that will determine WHOGS share price. 10 baggers plus dont come without risk and it would be stupid not to acknowledge that factor.
ps: My background is finance and can I assume you are from a similar background ? Why do you believe the rights issue will depress the share price. If you take up your rights you have no dilution and any discount will allow for the share price fluctuations nett of normal trade moves - new investors take the new mkt cap and issued shares into their investment decision. I also suspect the fund raising will be readily taken up and will not require heavy discounting - but we shall see