share placement

Whilst I was not impressed with the announcement on profits - $1m plus $4m profit on sale of equipment - this latest release really annoys me: 15m extra shares placed with "sophisticated" investors to yield $3m working capital! Us poor unsophisticated investors are once again left with a decrease in share price as the market adjusts to the issue price of the new release. Oh, and also the increase in number of shares on issue's effect on EPS. This 15% rule of the ASX on share placements without shareholder's consent needs revising!