News: BFC Beston Global Food To Raise A$28.2 Million, page-9

It appears there is a disgusting sleight of hand happening.

The placement is for 130,242,190 shares.

This disgraceful mob is then allowing those shares to be issued then added to the entitlement, so that Regal is then capable of being classed as owning 130.2 million plus the 50,.9 million they already owned, thus making them entitled to take up another 181 million shares in the entitlement. This really should not be allowed.

That would give them a total of 360 million, still short of the 600 million they are supposed to be committed to.

I guess that will be made up by handing to them the shares not taken up by people like me that will not put another cent in to this company whilst the current Board of Directors remain in place.

Meanwhile, the current share price edges oh so close to the issue price. No bargain to take up the entitlement at all.