I have to admit I'm a bit surprised it's fallen this low butI guess a 100 to 1 roll back will do that. The concern must be that maybe the Co. won't be able to raise the full $ 12.8 Million and although they have a back stop agreement for US $ 7.5 Million that may not be enough and they will have to do another round post roll back. Maybe another @ $ 1.50 which is where the rights issue was priced pre roll back.
Some big players have lost some big money on this so far but at least they are prepared to average down. It will be interesting to see where this settles out after the roll back.