absolute rip off... I applied for double my entitlement and yet I get only 24% extra... my money was 100% in the pocket yet they gave it to the underwriter who doesn't pay 100% as he cuts a nice 6% or so fees...
these managements cosy up to the broker / underwriters so often that it is difficult to see who they actually work for - US shareholders who are their actual paymasters or these underwriters???
extremely disappointed... will complain to the board... not that it will matter to them but this is dodgy as hell imo...
Ann: Entitlement Offer raises $2 million, page-3
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