Broker Data - LWP, page-177

No, I'm out

I bailed when I saw they priced the US punters placement at 1c and the domestic at 1.1c

The US guys obviousluy have just dumped into the 1.1c for their 10% stag profit, now there are $4M of stuck domestic punters at 1c

They should have had one price for all, and a reduced raising of only $1-2M

No point sitting on a huge cash hoard when you kill all the upside in the stock. There are plenty of stocks that trade at massive discounts to cash, so the dilution was a bad move - unless of course something big is planned for it, then we can reassess