Ann: Rights Issue Closes Oversubscribed, page-36

I thought I would follow up my previous post with my updated mainly -ive thoughts.

1. I did NOT receive my refund by BPAY as promised. Rang Advanced Share Registry and advised refund cheques had been sent (Remember cheques they were from last century!) Being from Vic and away from prime residence in total lockdown that cheque is likely becoming snail food right now.

2. Given that SP is nw below the issue price the FACT is that the strategy that Mr Peretz SchapiroI detailed to me and I sort of defended in previous post is a BIG FAIL. Have to admit other posters here were correct and the bundles of shares that were handed to friends (of who?) have/are being flipped.

The only consolation, of course, is SH now can buy cheaper than we were willing to pay in the Cap Raise. Middle finger to smarties who received big amounts and are now under water!

So question just comes back to our expectations for the company? Its funny how different psychology is between over subscribing for heavily discounted CR versus buying on market to a FALLING SP?????