ARU 3.57% 13.5¢ arafura rare earths ltd

share purchase plann, page-30

  1. 2,899 Posts.
    re: share purchase plan Agree One-up ... this makes ARU mgmt look downright STUPID and current holders should ask them to abandon this load of "smelly stuff" immediately. Why not a pro-rata share issue, something imaginative like a 1:2 of 2010 options at 10c with an exercise price of $1. Something to show a big chunk of confidence in the future and which reward current holders for the size of there holding. To treat Pirra and many others who own hundreds of thousands ( if not millions ) of shares and options in the same way as some "johnny come lately" who buys a few hundred shares between now and mid-March is just plain bull&*%t !! AS needs to think long and hard about his current fellow owners ... where is the respect ?? with this announcement there obviously is none !! DISGUSTING!
 
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