Ann: Completion of Upsized Underwritten $100m Placement, page-22

No reason you cant be both. It was an obviously bad decision for shareholders. Good for management, poor for shareholders.

Will be down >20% on open. And that was easily foreseeable at the time they made the decision. That makes it "not in the interests of shareholders".

I sold on open, and will consider buying back in at or below 80. Which it obviously will if you dilute this much. If not, I can always buy $30k in the SPP and dilute even further. Which is fine. Realistically it'll rebound to 90ish in a month or two.

if they hadn't done it though, it'd probably be $1.20 right now though.