zf1,
Yes it is true that you will still (maybe), have a job. But that is a bit selfish isn't it?
What about the investors who got ripped off blindly by our friend MR ?? They have been ripped off and they never worked for Asciano in the first place either, lol.....
And what about your comments about MR being the best and honest man, and also the best thing since sliced bread, and the best man to lead us all out of this mess?? Have you changed your mind now ??
Think about the investors who lost heaps too my friend. Not just yourself.
And now, please tell me all about those retail investors who applied for a hell of a lot more shares than their entitlement in order to reduce their dilution. A hell of a lot more in fact than their entitlements.
One of them that immediately come to mind, is the 1000 shares holder ( I won't name him, you can search through the posts), that applied for 100k shares. All he is going to get now is 2100 shares more than his entitlement of 100 shares. And, in the meantime, the company will hold his money (for nothing) until they will send him a refund. About $100k dollars sitting there for nothing.
On the other hand, the sophisticated investors and institutions, including UBS of course, got the extra shares from the oversubscribed applications they applied for in the beginning, no questions asked, and because the extra funds were going to be usefull and needed.
Funny enough, the extra money the retail investors applied for, is not needed now, but we are going to be asked to vote under resolution 3, to approve an extra allocation of shares for the institutional and sophisticated investors.
Yes Asciano has a very very good and honest Management.
Good luck to us all.
Buddy
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