dye pull the plug on springtree , page-8

Out of the frying pan and into the fire, I'm afraid, brenden (and all DYE holders). I have just bought shares in ISN, and we are ditching Bergen, because some shareholders said they aren't shareholder friendly, according to the company.

Any of our ASX-listed companies that go with SpringTree, La Jolla, Bergen, Chimaera, and all the other "US-based investment/opportunity funds", usually have a share graph that goes from top left to bottom right. Then, to get rid of these companies, they have to do a massively discounted raising, and make the Bergens of the world, promise not to sell shares during the raising.

I really dislike these funds. However, I also find companies that use them to be problematic. It's 2011, not 2009, the GFC is over (even in dark market moments), and shareholders suffer. Companies can tell us that these arrangements are better than discounted raisings, etc, but why are all the companies who use these bottom feeding lenders, at such low share prices?

Good luck, holders. I've written on the HTX thread that I reckon companies should know better than to use these mobs in 2011, after years of them being around. I can't believe DYE just made a new contract! Every time DYE now as good news, Bergen will just go yippee- a new mercedes coming up!