It is reckless capital management.
Compound this over a series of years and it matters a lot.
I am surprised this needs explaining.
If SOI double within 2 years, that halves the 'worth' of your investment, relative to the SOI (Shares On Issue).
Calculating the ROE (Return On Equity) is eroded. Investors value companies based on these metrics.
Demand will simply stop at certain SP levels.
However if you have management like with PME...wow!!
The Worst Capital Raising Ever, page-22
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