That last cap rasing was a real disaster.
The SP was flying into the 50's at the time, then bang, a bunch of jonny come lately brokers get in at 40 cents, the market took a turn, bugger all subscribed and the brokers dropped it like a hot potato.
I hope the $20m was worth it because it cost the company 40 million in market value.
Poor form and i hope the question gets asked at the AGM. I wont be going as i'll probably get arrested.
Ann: Quarterly Activities and Cashflow Report , page-7
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