Personally, while I think the CR is crucial, it should’ve been done months ago (if not a year ago) at a higher price. Offering it at the lowest ever SP is highly detrimental to investor wealth, and long term holders are in for more pain as they watch their capital investment drop once again to SPP levels. Further, I am miffed as to the low CR price and if taken up, will almost double the shares currently on issue. How’s that for dilution?
As I believe in what RAN is trying to achieve, I may take up a small part of my allotment, but there better be some bloody good news around the corner from the likes of Thai Union, or someone else to restore the faith for long time holders.
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