Thanks for the comments.
Firstly whilst I agree with your comments, I don't see that the original poster's hyperbole required a fact-checking discussion.
To me, the main points the original poster was making were that:
1. DRO hadn't done much research to set the price at what would be best value for the shareholders.
2. A lack of reasonable inclusion by existing shareholders in the share issue.
Both these points I agree with. The designated amount of shares in total that retailers can buy is $5M which is about 1% of the market value (although this may increase at Borad discretion?)
From my perspective the share issue is somewhat confusing; and it is then difficult to know how many shares to buy.
Clearly if they had sought more money (indeed probably all of $100m) from existing shareholders they probably could have done it.
I still think the best action plan by shareholders is to write letters to DRO. I agree that an ASIC intervention is pointless.
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$1.64 |
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Mkt cap ! $1.250B |
Open | High | Low | Value | Volume |
$1.60 | $1.68 | $1.59 | $21.43M | 13.19M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 12312 | $1.63 |
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Price($) | Vol. | No. |
---|---|---|
$1.65 | 100652 | 17 |
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No. | Vol. | Price($) |
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3 | 12312 | 1.630 |
1 | 20000 | 1.625 |
5 | 82343 | 1.620 |
5 | 160335 | 1.610 |
1 | 2100 | 1.605 |
Price($) | Vol. | No. |
---|---|---|
1.650 | 95652 | 16 |
1.655 | 42118 | 5 |
1.660 | 150641 | 8 |
1.670 | 60565 | 13 |
1.675 | 39480 | 12 |
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