AUK 14.3% 0.8¢ aumake limited.

This CR significantly dilutes all existing holders.Getting the...

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  1. 1,755 Posts.
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    This CR significantly dilutes all existing holders.

    Getting the CR money quickly and screwing existing shareholders is not such a common ASX practice these days. Many raisings have been equitable using proportional rights issues.

    Although the AUK CR is under the 15% equity threshhold, all retail investors should feel aggrieved that they miss out on free options, if this business succeeds.
 
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