Would honestly prefer management to take a convertible note at this point so holders are not shot out of the water - if they need to raise capital again.
Just feel sorry for the originals purchasers in the RTO - It's simple maths; you are not getting your money back. Maybe in 5 years if everything goes okay you will be break even.
To be fair, I honestly think companies raising capital should be force to go under an INDEPENDENT claims review by ASIC themselves before listing. Not having their pals at the legal and accounting firms to do IAR's and 'verify' the shit they show investors. Might stop these people stealing money. Should be the next royal commission IMO
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1 | 200000 | 0.019 |
3 | 1434231 | 0.018 |
1 | 1000000 | 0.017 |
1 | 1000000 | 0.016 |
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