You miss the point of dilution @vmp. It has nothing to do with when you bought your shares. It's all to do with the absolute numbers of shares you own, with a discount off current share price.
It's ridiculous to suggest that ALL holders should have the right to get such a deep discount.
Your thinking is much more along the lines of a pro- rata rights entitlement issue. The company can issue new script at whatever price it likes, and so long as the company gives an equal entitlement (based on your percentage holding of total capital), and you take up your entitlement then you technically haven't been diluted.
What you're proposing is crazy and will NEVER happen.
Ann: LBT Newsletter Update, page-14
Add LBT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.8¢ |
Change
0.002(12.5%) |
Mkt cap ! $31.63M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.8¢ | 1.7¢ | $3.899K | 228.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 361155 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 1523195 | 7 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| LBT (ASX) Chart |