JAT 0.00% 75.0¢ jatcorp limited

Ann: General Meeting Letter to Shareholders, page-13

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
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ANNOUNCEMENT SPONSORED BY PLUS500
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  1. 4,923 Posts.
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    did you read the announcement? Proposed raise of 10 million expect to be between 2-3 cents, SP has just ranked another 8% to 2.1 so the SP at best will be 2c minus the 25% discount so raise at 1.6c meaning probably 600-700 million new shares, plus the addition 600ks worth the person raising, is it just me or is this company actively trying to drop the share price, they do not update on things that may appreciate the SP like completion of ANMA upgrades, then dump a crap quarterly and only then say the plant had to be shut down for 6 weeks, which to be honest is BS.
 
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