Ann: Capital Raise Attracts New Cornerstone Investor, page-4

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Rob1_Acc

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09/03/23

10:59

Post #: 66673414
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Originally posted by iainspittal: ↑

I don't disagree with this being relatively positive but really all raises such as this should be offered to existing shareholders onthe same terms. I participated in the capital raises at 4 cents and 8 cents and am now being significantly diluted down with nothing at all I can do about it. That aspect of the raise and how it was done is very disappointing. It happens all the time across companies and it really isn't fair on existing shareholders. ASX rules shouldn't allow this. What's even more frustrating in the present case is how they selected "key shareholders" to participate? Arbitrary and not how good companies should operate in my view. I'll be letting Stewart know my frustrations via email.

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Yes I get it and Ive been there. Cant do much about it. If the register has a cornerstone rather than more retails it works better for us though. I think we will get a look down the track. Hang in there. Funding out the way and at .018 so should see fair value return.

VAR Price at posting: 2.2¢ Sentiment: Buy Disclosure: Held
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Ann: Capital Raise Attracts New Cornerstone Investor, page-4

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Ann: Capital Raise Attracts New Cornerstone Investor, page-4

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