"Shareholders wishing to take up their Entitlement should therefore note that there is a risk that they may be the only investors in the Entitlement Offer and it is highly unlikely that the Company will be able to execute its business objectives in full unless at least $15,000,000 is raised under the Entitlement Offer and Placement Offer."
"Highly unlikely" So what management is saying, "pay us our lifestyle or you lose all your asset!"
Well so DO YOU and your lifestyle! No pay cut announced!