It does and I'm annoyed about it. Insiders have clearly had the jump and been buying on market what they knew they were not going to get in the rights issue. Meanwhile small holders who subscribed for extra have cash tied up waiting for a refund. It's wrong and yet another example of how the little guy gets screwed on the ASX.
So good for tenbo, good for the company to have the cash, bad for the small shareholder being diluted against their will.
We'll have to hope for a stag profit sell off to send it back down to get a fair chance at topping up cheaply.
- Forums
- ASX - By Stock
- STA
- Ann: Renounceable Rights Issue Completed-STA.AX
Ann: Renounceable Rights Issue Completed-STA.AX, page-3
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add STA (ASX) to my watchlist
|
|||||
Last
9.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $138.9M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
STA (ASX) Chart |
Day chart unavailable
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online