capital raising, page-60

I think all of us, with any stock, welcome a genuine investor who wants share price growth. Barr's choice of Patto's for the last raising was the opposite of that outcome and dented his reducing credibility as a clever deal maker, especially after the Roosevelt deal fell through twice.

At the end of the day the Roosevelt money never came and Billabong money has not been unlocked. R1 & R2 were surprisingly offloaded and they gave reasons but you wonder if quick cash was one of those.