"It has nothing to do with, IMHO, ignoring current shareholders in favour of SI's. It is simply doing what the ASX rules say that they are allowed to do."
Totally disagree gazzat.
When past raisings were clearly done to advantage a few and disadvantage retail investors, some loyal and long term as I was once.
Then now to put out to retail holders when it now seems clear the SI's aren't interested, is a major slap in the face.
The past P'n'D's that occurred are telling IMO.
What amount will the directors take up? I predict a big fat zero! IMO they will use the raising to pay for their salaries until the cash runs out then ask again.
Good luck with it, I believe you will need it.
"CAVEAT EMPTOR"
Ann: Share Purchase Plan and Company Update , page-16
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