If it's a rights or entitlement issue than existing shareholders also pay the high price for that equity raised so I fail to see the logic aside from you screw both existing and new holders by not investing it well. You only benefit as an existing holder if you don't partake in the raising and it's non renouncable if it's done at a high amount and then share price tanks. That means you've avoided putting equity into the company but you have been hit with dilution of future earnings.
Anyways I'm not an ECM banker but your logic is very risky above!
VOC Price at posting:
$2.50 Sentiment: Sell Disclosure: Not Held
