Ann: PKS Director participation in recent placement, page-14

I'm torn by this decision.

On the positive side; They do seem to have put a descent progressive management team together - a number of them now have more skin in the game - our company now has a good cash balance.

The negatives; My holding has now been diluted and I feel that same management team isn't in touch with how a public company should run (for the good of the shareholders).

They had no way of knowing where the share price would go after the raising. To say we should buy on market misses the point. A better proportioned SPP would have shown responsibility toward, and an understanding of what shareholders represent. (The owners of the company).

SPP capped at $1,000,000. Shareholders can apply for up to $30,000 worth of shares. Seriously - 33 shareholders at that rate and we're done.
If the share price had rallied (with a rising market or on the back of the better cash position or any other vaguery that moves share prices) we would have been left diluted and disillusioned.