Well lets be honest.. what a disgrace by the mangement.
happy to get there fair share and give investos a fair share but lets screw over the average shareholder.
i am all for pro rata depending on holding but not after the fact. They decided to go down the SPP path because its quick and easier, but yet it reverted basically back to an entitlent offer. Why not just captial raise with an entitlement offer to begin with? Shareholders wouldnt have had their money tied up and possible miss a great buying opportunity tomorrow and everyone would have been happy.
am very disapointed.
do i deserve the rewards as someone with a larger holding? No, but the fact they went down the SPP path and gave investos a free crack has p***ed me off!!
Ann: Share Purchase Plan Offer Closes Oversubscribed, page-96
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