Thanks for the reply. Some responses to your comments:
1 - WP was interim CEO from May 23 2016 - the share price was 37c
He was CEO since Mar 15 2017 - the share price was 34c
Today the share price is 31c
2 - The main target was not needing to rely on shareholders to put more money in to pay his and other managements salary. You know the one that WP said he'd put his reputation on? That one has just been missed.
3 - The market clearly does not think that the CR is a good idea. The share price would not have collapsed the way it did after the CR annoucement, especially to a price of below 30c (albeit briefly), and now barely hovering around the rights price of 30c.
4 - I'm not talking about my valuation of the company. The only valuation that matters is what the stock market puts on it. See my response to point 1 above (where you say it had zero value but it was actually 37c per share which is substantially more than it is now).
5 - I'm a large investor (combined 1m+ shares and cfds across multiple accounts) and I note somebody else's comment on here (I think jaygatsby) that there was little top 20 shareholder partcipation in the previous capital raisings, which would mean that large shareholders weren't positive about the previous capital raisings. So why would they be positive about this one, especially when WP said that AHZ would not need one again to cover operating costs? I'm a large investor and I'm not happy about it. The market is larger than any one of us and it's clearly not happy about it either (evidenced by the share price plummet after the CR annoucnement).
6 - WP did indeed put his reputation on the line only for it to be burned with a failed target. There's even a video at the start of the other thread where he you can see WP say this himself. Ian Frazer is irreplaceable. WP? Give me a break. There are plenty of business managers out there.
These are very objective responses to your comments.
Ultimately 37 is > than 34 > 31. Simple maths.
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