JAT 7.63% 67.0¢ jatcorp limited

Ann: General Meeting Letter to Shareholders, page-13

  1. 4,895 Posts.
    lightbulb Created with Sketch. 817
    did you read the announcement? Proposed raise of 10 million expect to be between 2-3 cents, SP has just ranked another 8% to 2.1 so the SP at best will be 2c minus the 25% discount so raise at 1.6c meaning probably 600-700 million new shares, plus the addition 600ks worth the person raising, is it just me or is this company actively trying to drop the share price, they do not update on things that may appreciate the SP like completion of ANMA upgrades, then dump a crap quarterly and only then say the plant had to be shut down for 6 weeks, which to be honest is BS.
 
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