Unfortunately this was all very predictable. Whilst I don't own ATP I have previously and keep an eye on them from time to time.
I didn't understand the strategic rationale of moving away from it's core competencies of pearl production in Indonesia in favour of high fashion fragrances and a Tasmanian based oils extraction business.
The company (more rightly it's shareholders) are now paying the price for this misadventure.
Good luck to all holders.
Cheers
John
Ann: Non-renounceable Pro Rata Entitlement Offer, page-2
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