I see this got pumped to over $1 from 40c for a cap raising as i predicted a few months ago.im not surprised.
rowsthorn should have went long ago,knocked back the offer at $4.40 to now sell over 2b shares at $1.10.wow.
what about MR sweet deal to hang onto his 10% control,talk about shafting holders.plus all the workers hes laying off on the melbourne dock.
AIO now has 4 times the shares on issue for less than half the debt paid off...talk about a dud,whatabout the rest of the$3b owed?no probs sell another 2b+ shares,cant use money from earnings as the company despite what some think HASNT MADE A PROFIT.
if the share deal goes through for rowsthorn which means a $200m margin loan this is the short of the century.
people should wake up to themselves & see it been pumped for the raising...
AIO Price at posting:
$1.39 Sentiment: None Disclosure: Not Held