Agreed Reaper - a much better way is to raise capital as Qube...

Agreed Reaper - a much better way is to raise capital as Qube Holdings has done, with a pro rata entitlement offer.

In Qube's case you could apply for 1 share for every 6.35 shares held at record date.Therefore, you know from the outset what your entitlement is, and only have to apply for shares you know you will receive. It does entail a bit more work for the Company, but at least everyone knows where they stand. You don't have to outlay excess money, while you wait to see how many crumbs our masters deem to grant you, and how long they will hold on to that excess cash! Got to be a better way than the current, lazy way most companies administer share purchase plans.