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A share issue in 2009 could not stop the rot.
Audioboom also raised a separate £2.55m through a share issue.
It also reportedly proposed to raise some of the price through a share issue.
UniCredit's share issue earlier this year behaved a lot like this.
Interbrew is to acquire a controlling stake in AmBev, paid for with a new share issue.
After a bungled share issue to shore up the BAe finances, Smith stepped down.
Sullivan, whose Sport Newspapers underwrote a £7.4m share issue in 1997, received £20m, too.
First came the share issue, with €92m worth of shares new shares created.
Any significant purchase would need to be financed by a new share issue, analysts said.
UniCredit, the biggest Italian bank, also announced plans for a €4 billion share issue last week.
In addition to the all share deal Antisoma has raised almost £21m in a share issue.
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