Ann: Trading Halt , page-14

This is indeed weird.
How can management do a placement at 52c to outsiders when there is a takeover bid at 103?? It don't make sense unless the takeover is complete rubbish.
And, in any case, how can they dilute us shareholders so callously?? We get a tiny allocation but the 'new shareholders' who are particularly privileged will get all the benefits.
If this takeover proceeds then ASIC should look at this disgusting action by these directors and also check to see who the new shareholders are.
This board truly seem to lack any understanding of corporate governance.I don't have any confidance in this board in any capacity.