There is no doubt that BIG has been more than generous with its issuance of shares. But in that, they are far from the only ones on the ASX.
Back in 2015, they've issued heaps of shares and options at around 20 cents that we're exercisables all the way to the the 31/12/2017. Back then shares were cheap.
Those shares issuances need to slow the hell down going forward, and they need to reflect more closely the current SP. If management comes clean on Monday we stand a chance to rebound, but if they play it à la GSW then we'll get either a TH or another big drop.
More than 21 millions shares have been issued since listing for "services rendered to the company". Well it maybe time to use a bit of that cash we have in the bank rather than to give our execs and financing partners big unlimited share packages.
And I agree with the posters asking for Richard Evertz to resign. From here on, his presence will always cast a cloud of suspicion over the company, no matter how much efforts they put in to convince people he's a different man.
We need a fresh beginning or we'll get a quick ending.
BIG Price at posting:
$1.60 Sentiment: Hold Disclosure: Held
