Don't you just hate those cockroach shares where you "know" the...

Don't you just hate those cockroach shares where you "know" the bad news two months before its officially announced.
And we can assume the capital raising won't be a rights issue since carsales has recently reduced its holding, and rev asia want to offload their holding, so neither party want to increase their stake.
Thus it assumes the capital raising will be an institutional placement which dilutes the (retail) share price even further.