Exactly.Compare DRE dreadnought resources cap raise, who raised at only 7.7% discount to last traded market price, 1.4% discount on 5-day vwap, and 0.8% PREMIUM on 10-day vwap.
With ZERO options.Its not like IVZ is struggling to find people willing to cap raise. Last cap raise was finished after 2hrs.
Its management either
1) Financially illiterate
2) Giving away the game to mates
Capital Raise......Going it alone, page-152
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