"Macquarie Bank has indicated that they have chosen to not exercise their 45 million 8c options expiring in June."
Why replace the 45 mill with even more just to raise some cash when they are suppose to be using their old technology for that suppose?
That was supposed to be "thee" cash cow!
Any sort of cap raising at this time is not good in my view, especially when looking at the great number of shares already on issue, not to mention all those unexercised options sitting on the bench.
As an investor how do you see all this as a positive?
rights issue, page-50
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