They don't need to raise capital at the moment, but they have been approached to accept funds. The chairman said yes and offered an unnecessary 10% discount. It's likely that the reduction in their market capitalisation will be 10 times what they raise because of the discounting. Bad business. If they want to accept unsolicited investments it should be at market price or a premium.
They don't need to raise capital at the moment, but they have...
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