The Worst Capital Raising Ever, page-53

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.