The only bright spot in the 2 announcements today was news of a very welcome addition to our Board with the upcoming appointment of Dom Virgara. I was wondering why he's been so quiet of late. Knowing that the Boss' finger will be directly on the pulse should provide a boost of faith to many of us long termers. He will bring some sorely needed credibility to the shareholders' table.
As far as the CR goes, no one is happy about that given that our S/P is through the floor and I feel it may be quite ugly. I also can't see many retailers like myself dipping into already empty pockets, just further dilution of a base that has become watery enough over the years given the number of SOI nowadays. It will be interesting to see who stumps up any money although the prospective Fund Manager will win either way as usual. Like it or not, we've got to keep the lights on one way or another. All speculation on my part, let's see what happens on Thursday.
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