At this stage I’m tempted not to take up my rights and am thinking that I will remain on the sidelines and see what they do with that cash and if they put it to good use. After all, if I do nothing and the SP rises, I win anyway. Obviously I don’t make as much as if my cost base was 5c per share. If I take up my rights and they rubbish the proceeds, I’ve lost the entire cost of my rights contribution.
Promises are cheap, and they haven’t actually looked after the SH all that well to this stage have they ?
As Peanuts said to Snoopy “ There’s no heavier burden than a great potential”
Potential is one thing, results are another. !
Ann: Successful completion of Institutional Placement, page-5
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