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 • 26 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
92.0¢ |
Change
0.025(2.79%) |
Mkt cap ! $665.5M |
Open | High | Low | Value | Volume |
89.0¢ | 92.5¢ | 87.5¢ | $3.015M | 3.323M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 17093 | 92.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
92.5¢ | 17300 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10498 | 0.920 |
1 | 50 | 0.915 |
3 | 15815 | 0.910 |
2 | 75000 | 0.905 |
6 | 43121 | 0.900 |
Price($) | Vol. | No. |
---|---|---|
0.925 | 17300 | 2 |
0.930 | 27247 | 3 |
0.935 | 5744 | 1 |
0.940 | 26100 | 3 |
0.945 | 22013 | 4 |
Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
|
|||||
Last
92.5¢ |
  |
Change
0.025 ( 3.41 %) |
|||
Open | High | Low | Volume | ||
88.5¢ | 92.5¢ | 87.5¢ | 741248 | ||
Last updated 15.59pm 24/05/2024 ? |
Featured News
DRO (ASX) Chart |