Thanks for the comments.
Firstly whilst I agree with your comments, I don't see that the original poster's hyperbole required a fact-checking discussion.
To me, the main points the original poster was making were that:
1. DRO hadn't done much research to set the price at what would be best value for the shareholders.
2. A lack of reasonable inclusion by existing shareholders in the share issue.
Both these points I agree with. The designated amount of shares in total that retailers can buy is $5M which is about 1% of the market value (although this may increase at Borad discretion?)
From my perspective the share issue is somewhat confusing; and it is then difficult to know how many shares to buy.
Clearly if they had sought more money (indeed probably all of $100m) from existing shareholders they probably could have done it.
I still think the best action plan by shareholders is to write letters to DRO. I agree that an ASIC intervention is pointless.
- Forums
- ASX - By Stock
- DRO
- The Worst Capital Raising Ever
The Worst Capital Raising Ever, page-53
-
- There are more pages in this discussion • 26 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DRO (ASX) to my watchlist
|
|||||
Last
$1.34 |
Change
-0.065(4.64%) |
Mkt cap ! $1.164B |
Open | High | Low | Value | Volume |
$1.37 | $1.37 | $1.30 | $17.15M | 12.85M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 10877 | $1.33 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.34 | 15761 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 10877 | 1.330 |
10 | 106086 | 1.325 |
18 | 143512 | 1.320 |
4 | 40802 | 1.315 |
14 | 116792 | 1.310 |
Price($) | Vol. | No. |
---|---|---|
1.335 | 15761 | 2 |
1.340 | 57170 | 3 |
1.345 | 30000 | 2 |
1.350 | 7595 | 2 |
1.355 | 109948 | 3 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
Featured News
DRO (ASX) Chart |