Just got told by my broker that Paterson's are underwriting a half cent placement.......yep that's right .005 for all the buddies to churn and have fun with.
This stinks from a management who said they would look to add to shareholder value and not dilute all of us long suffering holders.
My views on management have changed drastically, Paterson's may get it going but will just play with this thing all day everyday while we (the suckers) have to sit back and wait for management to deliver.......oh the PAIN!!!
I believe they are raising around $4.5m....work out the new paper to be issued, I am taking the day off and hitting the valium tablets...lol!!
ISN Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
