Yup seen enough not for me. It'll stay on my watchlist for interest sake.
I like the commodities they are going after, but there are problems here.
Seeing these small Right Issues where a huge chunk goes to the broker + fees, is not for me, let alone the 2024 renumeration increase.
the loyalty offers raises ~$175K (if fully taken up) and to do so will cost $33k. 33 / 175 = 18%. Yup, a minimum of 18% of shareholder money is thrown in the bin upon receipt.
Dilute what is neccesary, not more not less. Got it wrong 3 months ago and now shareholders will foot another round of expense.
Good luck to all holders
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