Hi Collinko...33.3% profit will be great.... but it only applies...

Hi Collinko...

33.3% profit will be great.... but it only applies to shareholders who have a tiny parcel and take up a significantly larger parcel in the cap raising.

To existing shareholders with large parcels, this exercise just wiped significant value off their holding.

In order to minimise its effect, I sold the lion's share of my holding today at 33cents, retaining a small parcel for cap raising eligibility.... but I still feel somewhat bitter at the net effect of the raising.

I will take up the full $15,000 worth at 30 cents.