You didn't participate in the capital raise, you participated in the share purchase plan, which is one of the key factors that has pissed off share holders.
Instead of doing a discounted capital raise, supreme idiot Dave should have at the very least attempted to raise the funds entirely from a share purchase plan, which is seen as rewarding existing share holders as opposed to a CR at a massive discount which is seen as a punishment to shareholders.
You're also completely glossing over the fact that at the already significantly discounted CR price Dave FAILED to get sufficient interest to proceed, so it definitely wasn't "over subscribed".
You're right that negative sentiment is a factor, but I actually see that as ethical investing, by warning potential punters to the risks the management poses to their investment money
4DS Price at posting:
3.0¢ Sentiment: None Disclosure: Held
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