Ann: MEO completes share placement , page-48

>>??? Baffling actually!<<
….. and some posters here just don’t understand what is morally correct behaviour by company directors. Not to mention good Corporate Governance principles.

Short changing ‘retail’ holders and look after the mates of mates in my book is moral bankruptcy.

They could have done both – SPP and Placement but they decided against the SPP for retail holders. Stuff the little man in the street who invested to prop up the company along the way.

Montec: >>Well what is it? Is MEO good or bad??<<
Good for trading, Montec.
Been a nice money spinner. Unlike some others I am not here to ride it down and lose principal amount invested.

Btw this is from MEO’s annual report:

Principle 3: Promote ethical and responsible decisionmaking
(ah, really ?)

Principle 5: Make timely and balanced disclosure
(oh! who had prior knowledge of the placement / price and leaked this insider info?)

Principle 6: Respect the rights of shareholders
(yeah, sure – just words on paper!)

>> are still disclosing that they are holding stock!!<<
Still - my position was bought at the dump this am<<

Good luck to you ‘mate’. Some folks just don’t get it.