Thanks for the comments.
Firstly whilst I agree with your comments, I don't see that the original poster's hyperbole required a fact-checking discussion.
To me, the main points the original poster was making were that:
1. DRO hadn't done much research to set the price at what would be best value for the shareholders.
2. A lack of reasonable inclusion by existing shareholders in the share issue.
Both these points I agree with. The designated amount of shares in total that retailers can buy is $5M which is about 1% of the market value (although this may increase at Borad discretion?)
From my perspective the share issue is somewhat confusing; and it is then difficult to know how many shares to buy.
Clearly if they had sought more money (indeed probably all of $100m) from existing shareholders they probably could have done it.
I still think the best action plan by shareholders is to write letters to DRO. I agree that an ASIC intervention is pointless.
- Forums
- ASX - By Stock
- The Worst Capital Raising Ever
Thanks for the comments.Firstly whilst I agree with your...
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DRO (ASX) to my watchlist
(20min delay)
|
|||||
Last
95.5¢ |
Change
0.055(6.11%) |
Mkt cap ! $690.6M |
Open | High | Low | Value | Volume |
90.0¢ | 95.5¢ | 89.0¢ | $6.121M | 6.557M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 207504 | 95.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
96.0¢ | 73317 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 527 | 0.950 |
1 | 5285 | 0.945 |
4 | 16481 | 0.940 |
2 | 80500 | 0.935 |
5 | 39422 | 0.930 |
Price($) | Vol. | No. |
---|---|---|
0.960 | 71567 | 8 |
0.970 | 30681 | 3 |
0.975 | 23450 | 3 |
0.980 | 65848 | 8 |
0.985 | 40500 | 3 |
Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
|
|||||
Last
95.0¢ |
  |
Change
0.055 ( 6.71 %) |
|||
Open | High | Low | Volume | ||
90.0¢ | 95.5¢ | 89.0¢ | 2827540 | ||
Last updated 15.59pm 10/05/2024 ? |
Featured News
DRO (ASX) Chart |