Ann: Classic undertakes Rights Issue and Prospectus, page-4

“Classic’s Board is mindful that the shareholder register is largely (90%+) composed of retail investors who have supported the company for many years and given the recent share price deprecation, missed out on the opportunity to top up their holdings as they are not considered sophisticated shareholders.”
Ohhhh how so very kind of them!!!!!
But hang on… so if the CN’s were only for sophs, and their issuing resulted in like doubling the SOI so surely the % of soph investors is much higher than 10%? Or do they know how they’ve alllllll bailed after being able to sell into the funding news.

New bunch of bag holders on the scene, let’s see if they convince them to hold a few more!