Reality Thread

Just found this article from The Australian Financial Review. Thought some here might be interested.

https://www.copyright link/wealth/personal-finance/buyer-beware-on-capital-raisings-20190605-p51usm

Buyer beware on capital raisings

The fate of Gascoyne, Orinoco and RCR Tomlinson should remind
shareholders to be wary of being approached for funding.

Last gasps

This is not an isolated case. As recently as March, Orinoco Gold Limited
(ASX: OGX) attempted to raise capital right up until death’s door. However, it
was mercifully pulled from the market the day before the company filed for voluntary administration.