Last capital raise was $800m at $1.20. So $400m has been blown...

Last capital raise was $800m at $1.20. So $400m has been blown up being 50% loss on this new capital. How can the investors bear this ?

Now 1.25. Billion more shares to be issued representing 77.2% additional shares! Haha that is diabolical.

To top of the pain, this was clearly leaked to institutions who bailed out with insider information further exacerbating the losses for existing shareholders.

Where is the strategy to grow this business ? All the have is pages of risks.

let’s look at tyro payments. Cooke was the former CEO. He grew the business but costs skyrocketed. When he left profitability immediately returned as costs cut. Now the same guy is cutting costs ? By the way, when he left tyro he dumped his entire holdings pushed the share price to 60 cents now it’s doubled.

debt is too expensive with high interest rates. I get it. But now dividends are blocked until net leverage is below 1.5x and fines resolved so no income compensation for shareholders ?

there is a complete lack of info on the new Brisbane casino around the court action. What is alleged ? Where’s the accountability from star directors ?

my take is you have to participate in the raising to try and cover the losses. Then hope for a takeover or some or all of the company.

Sydney casino is struggling and probably needs to be sold off to developers to build residential appartments. Crown is too much competition. Even they are struggling with one gaming floor now closed of the two.

they had that nightclub at star and closed that too didn’t they.

there’s no events ?

what’s going to bring people back ?

anyways buy the capital raise and let’s hope a revised strategy is released. All these distractions mean the company can’t run itself optimally because everyone is focused on all these issues.