Chart, page-2461

Existing shareholders got hosed on the CR, the share price dropped 30% after the announcement, New buyers have the same entitlement as the existing holders so no payback at all from the 30% drop to 2c CR price. The risk of the CR was there but holders calculated that it would come later or at a higher price. The initial announcement seamed rushed, it seamed like the company panicked with the share price dropping and dropped the announcement early without knowing the Ex date. We were treading water before the announcement and now the momentum is gone.

IMO the best strategy for holders is to:
1. Possibly buy some more now (if you have the funds and the stomach for it)
2. Participate in the CR at 2c (if you have the funds)
3. Hold for the next announcement/run they either exit or cover your downside with a stop loss.

Before the announcement my average was 3.5c, I purchased more shares at 2.6c and now my average is 3.34c, after the capital raising my average will be 3.11c.

Everyone's strategy and circumstances are different so DYOR. 

GLTAH. 

Wild