poor deal for larger existing shareholders, page-12

i can't describe how disgraceful this feels... ever since I bought into this over a year ago D25 has been into all of our ears about how this managements capital management skills are pathetic.

and now he is proven 100% correct.

apologies david... although I have been coming around to your way of thinking over the past few months.

I genuinely we were owed more than a 2 page explanation as to why management feels it is necessary to give away a chunk of our company in order to have stable shareholders.

Talk about a slap in the face... there are plenty of us who have held this for years... the traders will always come and go.

Management like this are a perfect example of why an MRRT is required to save some value for Australian shareholders.

I am honestly shocked.

They "might" use the monet wisely...but there is no clear plan... RMS doesn't have debt either so I dont understand why it is necessary.

Couldnt they have done this at 1.70 / 1.50 ?

I would like an explanation from management to justify your 400m market cap