I know you were angry at the low cap raise back in April. But IMO, the rise in SP over the preceding few trading days was broker manipulated to allow for the 14 cents raising. A few days earlier, the SP was circa 11 cents. The real issue to me is that a these sort of cap raisings are best done to brokers & soph investors. Its over in a few days & the SP action can continue. Share holder entitlement offers are just horrible for the SP as it drags on, people sell shares to pay for new entitlements & the SP just lags.
I sold after the cap raising was announced. I do that pretty much any time a share I hold offers entitlements. In 30 years of trading the markets, I have taken up around 3 entitlement offers.
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