Well ,today ALT closed at 0.031,the last time it closed at that price was May 1,2014.
The capital raising has just wiped out any profits shareholders who bought since May had accumulated.
I find this outrageous,obviously Patersons have dictated the price they would underwrite the offer.
Shareholders have not been thought of in this process,at all.
Have a look at the ALT chart,that will tell the story of this outrageous behaviour.What about the shareholders who bought in since May at around 5,4.5,4,3.5 c etc.
Any credibility this company had achieved has just been wiped out.
IMHO
ALT Price at posting:
3.1¢ Sentiment: None Disclosure: Held