According to known parties most of the major Share Holders will not subscribe for rights.
No body inquires as to what actually happened to appprox. 180 Million funds collected from last right issue of Blue in 2010 or 2011.
Is there any monitoring body to investigate other than SEC when public money is collected submitting various proposals in this manner and if those proposals or objectives are not met on accountability etc?
I have seen some retailers just rally round on these penny shares & subscribe expecting easy money but in actual what we does is promoting top white color criminals to con everyone in big time.
Experts please advise!!!