Ann: A$200m institutional placement to expand US capacity, page-12

  1. 1,368 Posts.
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    This capital raising seems a bit odd to me. All shareholders have taken a dilution in order for John Rothwell to be able to extract $50 million from the business.

    It is all dressed up as allowing expansion in the USA but it is clear in the documents that this is done to allow the $50 million extraction. I am uneasy about the whole thing. Does anyone else have an opinion which might quell my unease?
 
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