Wouldn't be so negative towards kiwi the points he raises are valid. It was really disappointing the allocation towards retail was so little considering the immense amount of support that investors such as us have given Zeff. I remember some poster said that over 50% of sof are held by retail can't confirm the validity of that, but it's such a pity that the management team are treating us so poorly. Of course this type of raise ratio is standard across the industry but we can dream right?

On the bright side volatility should dampen now as we will have a solid floor at 27c. If sophs are happy looking for a quick buck from 27c-30c so be it, I'm holding for the CGT discount till next year anyways and im confident that the news flow will push us much higher than this raise eventually.