The management didn't give existing shareholders any opportunity to participate in cash raising .
Listing on Singapore or AIM (even though AIM is a rubbish index full of companies that other jurisdictions won't touch) could haven be OK .
The problem is that Dart should have dual-listed like many other companies rather than selectively attempting to spin off assets into a different entity .
All this additional complexity to raise a truly pitiful A$30m gross which will be much less than that after costs .
The management are treating Dart as "their" company , not the shareholders . The major shareholders must be expecting payback in the form of massively discounted private placings on AIM to go along with it .
DTE Price at posting:
11.1¢ Sentiment: Hold Disclosure: Held
