4.5c? I don't know where you got that figure. I've expected, predicted and watched much more than that much of a drop.
If you think you can be as sure that the SGS results are good and will come soon as I am they are either bad or a long way off you are completely kidding yourself (feel free to prove me wrong).
Hypothetically, let's say within a month or two they surprised us with a brilliant announcement. The share price would increase. In that case you would be (and should be!) furious that they diluted your holdings completely unnecessarily rather than waiting for the inevitable easy opportunity to raise capital cheaply.
What they are doing demonstrates that management probably either expects the results to be worse than the market expects or for a further delay. It definitely shows they don't expect impressive results available soon. At best they don't know, but even then they are betting on one (or both) of delay and bad news.
I can explain why good news is very unlikely to come soon. Can you explain why we should expect it to come soon? If so, can you tell me why management is choosing to devalue your holdings?
AEB Price at posting:
20.5¢ Sentiment: Sell Disclosure: Not Held
