Not sure why everyone is upbeat all of a sudden when they find out they are after a massive raise instead of multiple small ones. All this says is there are no material revenue increases expected to inscrease the shareprice to be able to cap raise at a higher price. So dilution on a mass scale with much of the same till end of year at best. Anyone handing over ‘large sums’ of money for this is off their heads, but that’s the share market with director marketers at their finest pitching and a false sense of belief by investors they will become rich off being the ‘specially invited’ insiders to a cheap raise before another whale!
WOW impressive LNU management!
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