I think these days all the capital raisings I’ve ever been involved in are opportunistic and predatory and conspiratory without long term shareholders interest in mind but I don’t know enough about EXU to say in this case. But here’s an article about another capital raising which involves some manipulation of share price
advertisingnotallowed/life/life-display/the-unspoken-crimes-of-the-asx---part-2,11955
