Unfortunately it's standard practice. It's like a blank cheque for listed companies. The logic is that the sale of the shares increases the value of the company inversely proportional to the dilution. So your shares should be worth the same amount. Never works like that in reality. And why sell to the wealthy for a discount? ...
At the end of the day, they needed money to expand operations. But perhaps cutting the executive pay might be a more moral way of improving the bottom line. Or take some of the shares from over remunerated Board members and sell them.
No... The faceless mom and dad investors are an easy target.
5GG Price at posting:
7.6¢ Sentiment: Hold Disclosure: Held
