To raise 360 m out of the current market value of 50m, it means for each share of the current price .017c, you will be offered 13 shares each valued at .009c. I think that scared Alan Gray off. Alan Gray portfolio manager
Mr Mawhinney said the terms of GSO's recapitalisation meant "the current shares are worthless".
"The economic outcome [for current shareholders] is no different to bankruptcy," he said.
I always thought Alan Gray are stupid seeing they rushed into ARI shares again and again, but now finally they showed some sanity. If it's dying, you have to let it go. Accept the reality, show some care for you family.
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