27.1 million cr, page-12

  1. 1,070 Posts.
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    Bellas
    When I first read your post I was inclined to agree. But having thought a bit longer I offer this comment

    Your complaint about management ignoring current holders and dilution problem ignores fact that all eligible holders can buy extra shares on market with funds, that under the plan, they don't have to forward the company.
    The scheme also has feature of SP not suffering a significant fall caused by many holders needing to sell to finance their entitlement.

    You also say:

    "There seems to have been no recent attempt by management to boost the VLA price before this massive dilution."

    Two points
    There may not be any imminent news in pipeline and for tactical reasons - including need to progress trials sooner - which I think we all want, the compromise is that its better to have extra funds now.

    Also by holding off any further positive news allows holders to top up their holdings with money they have saved via logic I mentioned above, at a lower price.

    As I mentioned on other thread, the NR (not reported) data on P15 of presentation raises questions - which - being super optimistic - may (but prob not cos I'm usually wrong) be very positive data.

    There's probably holes in above arguments - but for sake of good discussion I'll stick my neck out and say - to me, I think the plan is brilliant.

    And market is agreeing!

    Good ramp eh!?
 
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