MAY 6.06% 3.5¢ melbana energy limited

The night before, page-38

  1. 646 Posts.
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    This is precisely what happens each time I think it.

    If anyone thinks this capital raise was about anything but greed from the executive team to ensure their gravy train keeps going at the expense of shareholders, i would love to chat. I dont say this as an immature person in business, alas as per previous posts, I raise much larger amounts of money than this for my own personal company that I am a founder of.

    A 6% and 14% discount, to a shareprice pre-announcement of the increase by independent assessment to hold alot of oil that even at 5% recovery would add at least double to triple the share value at low prices, is such a cop out. Especially with option money coming in etc.

    Shame.
 
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