The Board have just issued themselves and their family, friends, mates etc as many shares as they would like at 28c.
The rights issue has been coming for the last year. I know because I was told (I wasn't the only one obviously)......how stupid is that!
The only hope for shareholders is there is some fantastic news in the next month (it would have to be out of this world in the current market)to make 28c looks like a gift. Still poor management which ever way you spin it IMO.
I feel sorry for the poor person that bought 1/3 of my holding at $2.05.
15th oct again, page-18
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Last
16.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $383.8M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 17.0¢ | 16.0¢ | $870.9K | 5.306M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 1318262 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 512590 | 5 |
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| ARU (ASX) Chart |