I have provided my letter dated 25/06/2021 below;
Emailed to the following; [email protected]
If the dilution- and/or if the 30% discount offered is a concern to you, to ensure they do not discriminate against retail shareholders going forward, and given there will be more raises, I suggest we speak up now. If you are not investing for the long term, this may be of little interest to you.
**remembering the $5M allocated is not substantial enough for us all to participate, and contrary to what Gavin has said in the podcast.
Dear Board of Directors,
Firstly, congratulations on the efforts to date, as a shareholder I have enjoyed the professional approach in watching you bring this project to fruition. I applaud your successes and achievements to date.
On a quick but sour note, I would like to understand the logic of recent discrimination to retail ‘loyal’ shareholders in the recent capital raise. I do not accept the idea of ‘convenience’ an excuse to undermine the holdings of existing shareholders.
I personally have circa 'XXX' shares in this company, and would have maintained value if given the same opportunity as institution investors.
I would like to go on record as asking;
- Why retail investors/small shareholders have been overlooked in the recent dilution/ capital raise.
- If future raises occur, will we be considered, if not, why?
- Could you provide any guarantees that we will be given the opportunity for the $30,000 allotment, or is this mathematically impossible and hence more marketing than realistic?
All else aside, I look forward to your response and future milestones that we attain.
I wish you all the best, and I look forward to meeting with you at an upcoming AGM or like.
- Forums
- ASX - By Stock
- ARU
- Dilution of shares - Letter
Dilution of shares - Letter
-
- There are more pages in this discussion • 90 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ARU (ASX) to my watchlist
(20min delay)
|
|||||
Last
16.0¢ |
Change
-0.005(3.03%) |
Mkt cap ! $394.2M |
Open | High | Low | Value | Volume |
16.5¢ | 16.8¢ | 16.0¢ | $607.2K | 3.725M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
62 | 1730596 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.5¢ | 226915 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
49 | 1414796 | 0.160 |
49 | 2558004 | 0.155 |
51 | 2078828 | 0.150 |
15 | 1873203 | 0.145 |
14 | 855042 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 153000 | 5 |
0.170 | 945494 | 10 |
0.175 | 1675581 | 26 |
0.180 | 1885979 | 28 |
0.185 | 1100329 | 28 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
Featured News
ARU (ASX) Chart |