10.5c. Spot on. If you can get out at a higher price you probably should, and then buy back in if you wish.
Holders now have to decide whether to average down or not by taking new shares.
The question is whether the business model is good and a capital injection will see them through and back into the black, or whether it is too difficult to make money in that sector these days and it will just be throwing good money after bad.
Exactly the same kind of problem Hastie Group (HST) investors are faced with, also being offered new shares at a huge discount, with a commensurate fall in the share price.
This is where you really need expertise in the sector and a good knowledge of the inner workings of the company. Hoping for the best is all very well until you have to put your hand in your pocket again.
Good luck to those who hold.
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