mcreek.
I do not disagree with your stance of being wary of these decisions. But when you do your math don't forget that ther is extra cash in the busines that otherwise would not have been there. Your buying of a few extra shares is warranted to cover the additional capital controlled by the entity that has materialised from the placement. The company did not earn that cash; so yes you should increase your holdings by the appropriate percentage if you want to maintain your percentage ownership of the company.
Of course whether a company is using cash raised efficiently is a question that needs to be answered before you choose to tip in,
mcreek.I do not disagree with your stance of being wary of these...
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Mkt cap ! $32.99M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $6.894K | 532.0K |
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| No. | Vol. | Price($) |
|---|---|---|
| 5 | 5222875 | 1.2¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 2538414 | 3 |
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