impressive, page-3

I have NO problem with a cap raising in excess of the current share price and as part of an offtake deal with a customer- it locks in the customer so he benefits from his own enterprise- more such deals would make sense to me. However each of the raisings can be approved by shareholders as they occur, the possibility of increasing the shares by 20-25% in order to protect the incumbent directors, thwart a rightful attempt to gain a director fom a 19.9% shareholder and thus dilute the shareholder value does not suit me or more than 77% of shareholders, unless they are also FAS shareholders!! GWR do not need additional cash at present, they have over 20 mill in the bank and another 20+ mill to come from the chinese.