It stinks Q -smells of greed & complete disregard to current share holders.
12 % of the raise going to the to largest share holders when they will be benefiting by taking up the un-allocated rights, that should be enough other than to meet the rights issue administrative costings- its over the top whereby adding and there fore share holders will endure further suffering & dilution at 190 % is already bordering on the ludicrous & is in complete contrary to what the company is implying in ASX market releases .
imo-salt
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- Ann: Notice to option holders - Entitlements Issue
Ann: Notice to option holders - Entitlements Issue, page-8
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