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Just beggars belief on a number of levels.1. It dampens the...

  1. 18,326 Posts.
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    Just beggars belief on a number of levels.

    1. It dampens the positive news released earlier today.
    2. It's a smack across the chops to those who bought in today.
    3. It's more dillutionary than it needed to be, and,
    4. Most importantly, it raises a very big red flag for me in respect of management's market savvy.

    Share price often has a way of working it's way towards the placement price, so there is every chance this will now be able to be bought more cheaply.
 
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