I do find it amusing some people's belief that a mangement team that has destroyed so much value in this buisness in recent years and run such an appalling monetisation process would have delivered a good final outcome for shareholders.
The only certainties that the rights issue provided was that MR and others would keep their jobs and not be forced out as was a condition of the PE bids and that he would have looked after himself swith the placement.
AIO Price at posting:
$1.30 Sentiment: Buy Disclosure: Not Held