I don't think it's fair to say that they treat small share holders with contempt and I am glad that they do not give special treatment to shareholders. That is not the principle role of management. If they spent all their time being concerned about what we thought and all the paper work associated with issuing shares to small individual holders, then there would be no time for them to manage the operational side of the company. The SPP was oversubscribed but not by a huge amount, even though it was a $0.50 gain per share. This suggests to me that money for a lot of individual investors is quite scarce at the moment and perhaps management were aware of this. I suspect that it is also a lot easier to deal the larger holders. Just think about how much paper work, money and labour was involved with the SPP announcement, collection of money, issue and refund. We need the instos because they have funded a lot of growth for this company. And if you want more shares you can easily buy on market, where as the larger holders are required to disclose all of their holdings and adjustments. That is just my opinion, it may be different to others here.
BCI Price at posting:
$3.66 Sentiment: Buy Disclosure: Held
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