I have written a few posts on the capital raising dilution thread on the failure of BODs to acknowledge holding risk when making investment decisions like Tropicana.
It follows that if they had, and ASX rules enforced that capital raising like these can only be made "inhouse" (that is raising funds within the shareholder base), would this decision have ever been made?
Well what do others think? I highly doubt it could of been made... they wouldn't have got the funding...
See what I mean by "feeding the big end of town" (to the detriment of small existing holders?)
IMO/NA
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$4.09 |
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Mkt cap ! $3.091B | |||
| Open | High | Low | Value | Volume |
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