There should be questions asked if they raise this capital and then announce a share buyback with it.
The job of directors should be to run a business for profit, not to raise capital from shareholders at $5) then buy shares back from then at less than $1.
http://www.cardno.com/Style Library...I Notice to Shareholders_FINAL_6 Feb 2012.pdf
It's pretty shocking actually.
News: CDD Cardno seeks trading halt, page-3
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