BND bandanna energy limited

poor board decisions

  1. 10,295 Posts.
    lightbulb Created with Sketch. 964
    hind sight is always good. BUT far too many companies raise money after a price fall or don't to placements as prices have long steady rises as what bnd had over 9 months

    i mean bnd went from 1.20 in November to 2.30 a few weeks ago .

    they could have done easily done a capital raising/ placement any time in the last few months for 1.80 a share and easily got the money quickly and a happy shareholder with that outcome . but not now ! now it will be done with probably almost double the amount of share to raise the same coin.

    but now they will have to do it at a price of about 1 dollar at discount today's price of $1.20 i can see the placement been done at a premium over $1.20 and definitely not 1.80 . this could have been prevent.
 
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