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clock Created with Sketch. 07/04/20
17:52
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Originally posted by xeverett89:
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I like the company and it appears they have some robust growth ahead if they can capitalise on their current relationships and sectoral tailwinds, however I think management have some questions to answer in relation to the most recent capital raise and the timing of it. To me, on the surface, it just seems like a way which management have handed themselves more cheap shares which has come at the expense of greater dilution for existing holders due to the low raise price. As we can see by today's action, a lot of those placement shares are being flipped by 'sophisticated and institutional' investors for a quick buck and existing shareholders weren't even given the opportunity to buy in. As it says in the announcement, management are taking 1,700,000 'subject to investor approval'. Well I'd like the following questions answered prior to granting approval:
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I think these are reasonable questions to ask.
(20min delay)