Spot on woy woy! ...
The sharks have come along and made a killing in a day by diluting us existing holders .. Existing holders only own 1/3rd of the restructured company with the new investors owning 2/3rds for an outlay of peanuts !! .... With an open of 2.4, underwriters were in the money 200% instantly with "sophisticated investors" 140% instantly.
I'm happy with the new board and direction but existing shareholders should have got the opportunity before "sophisticated investors" at the very least.
Extremely expensive paper loss for me today! :(
Cheers,
xmagx
AWS
australian waterwise solutions ltd
biggest rort i have ever seen, page-5
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