I wasn't overly happy about being ignored in the allocation of the shortfall. As a long term victim of this mess I opted to take up a few extra shares that were offered, if available. There was a shortfall and therefore the definition of available was fulfilled. I got nothing extra. I understand the rationale of gaining a higher price from these magical sophisticated investors but the dismissal of long termers irks me! Isn't a contract made when an offer is made and that offer is accepted with consideration being traded, in this case my payment for the shares I requested. As the shares were available given the shortfall in take up by all investors shouldn't that contract remain in force? There was nothing to state the board could simply change their minds. Rant over...
I wasn't overly happy about being ignored in the allocation of...
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