shane9003;
I'm worry about the treatment of small investors by AXM management.
According to the schedule, 6th October is the date when the entitlement trading commences and existing shares quoted on 'ex basis' can be traded. To me 'ex basis' should be applied to all long-term holders who owned shares before the trading halt (including me). However, someone has received those entitlements before us small investors.
What the 'ex-basis' world stands for? Are the differences in treatment between the sophisticated investors and the small investors, while applying the 'ex-basis'? Anyway, I'm very disappointed with the way the situation is developing - there are over 2bill shares to be issued. I’m not convinced the sp will rise after the new shares were issued. The smart money exited or is exiting now.
cheers nj
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