Rights issue for 4 billion shares if they don't consolidate, maybe that would spook investors. Annoying to see management get away with such abuse of shareholder funds. I held years back, and they blew heaps of money on advertising that went nowhere.
Seems dodgy that companies with no clear focus are allowed to trade at all, it's not like investors plan to give someone money to try random businesses until they hit something that works (like the branch into mining).
Same happening with STI - went from mining exploration, to researching growth hormones, and to new lows recently (figuratively and literally) marketing 'PetQuench' bottled water for pets. Around $1800 in holdings from eight years back now worth a couple of bucks (approx $8 to 1c). Was my first real foray into stock market lol..
BRO Price at posting:
1.0¢ Sentiment: None Disclosure: Not Held
