It won't appear on my dodged bullets list because I'm...

It won't appear on my dodged bullets list because I'm not selling it. I never said they have allocated capital poorly. I also have faith in the management's vision for the business, that's why I'm invested. I just think they could have gotten a better price for the cap raise and dilluted our holdings significantly less. However if my third option is the reason for how they went about this raise - "they think there is a huge oportunity to invest heavily in the near term in the business to turn it into a significantly bigger business" then fair enough, sounds like you think that is the case. As you say, they would be the best ones to know if this is true. I feel the same as you generally that what is good in the long term for shareholders is good regardless. TBH I am just a bit frustrated with unfair capital raising having had it happened to me recently with IntelliHR and before that to a lesser degree with Eroad. This one feels disproportionately good for the instos and somewhat dodgy, I havent even had a chance to analyse the business post age of darkness success let alone this new contract and a ton of new shares are being issued, and it is a lot