Macrae,
Do you understand the ASX NZX price disjoint for NPX today, I'd have expected about 27 on the ASX instead of the 37 we've had?
Sure would be nice to see FPA get a full NPX style recovery, but without the 15% dilution. I can take the rights, but why should the outfit that botched the whole original equity raising, get to get such a whopping underwriters bonus (for screwing up).
EL
