That sounds like a extreme conspiracy, maybe lesser evil to give share holders no confidence to take up there entitlement Then the underwriter takes up the unwanted shares taking ownership of a large hold in the company then the good news starts to flow. all perfectly legal I believe. I really have no idea.
XTC Price at posting:
0.1¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.