The condom company

Prettty dynamic management team here. Sold new shares at two thirds of the current market price, which instantly pulled the market price down to what the new ones were sold at. So that's one placing where the buyer won't make a quick buck. I don't think this can be the big US placing they were on about a while back, after all £52k of additional funds hardly looks to be institutional from a country where the market is $5 billion.
So, in mid December their 500 K was disappearing at 130000 per month, which took them to early April (3.8 months worth). With this amazing new deal, they still can't get to the end of April before running out.
Any bets on what happens now?
My money is on the exsting directors calling in the administrators, buying the operation from the administrators for next to nothing, and walking away from the debts. Evryone a winner (except the shareholders). (See also Scotia, Photobition, Railtrack and Marconi).
Taking a public company into liquidation is a bloody good career move for a director. They will walk straight into another highly paid (sometimes only three days a week) cushy little number.
Of course you have to be a bit thick skinned, while shareholders are calling you a useless bunch of thieving no good crooks, you have to keep smiling as you take your bonus to the bank in a (borrowed) wheelbarrow.