disgraceful, page-6

DDzx
The thread is nothing to do with loyal shareholders, the rights issue or the fact it was delayed. It is to do with the fact that those shares not taken up by holders, the shortfall were then placed at the discretion of the directors, when the market would have been willing to pay around 2x that price and PYM shareholders should have been entitled to see an extra $700k+ in the kitty.


".....the share placement & SPP occured months ago and the SPP was simply delayed (out of the goodness of mgts hearts)..."
I would suggest it was not out of the goodness of their hearts, but rather they had very few "loyal shareholders" who had sent in their money.

Cheers