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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Last
$1.50 |
Change
-0.030(1.97%) |
Mkt cap ! $1.153B |
Open | High | Low | Value | Volume |
$1.51 | $1.59 | $1.48 | $7.034M | 4.608M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 19356 | $1.49 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.50 | 10381 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4760 | 1.490 |
6 | 18208 | 1.485 |
17 | 150713 | 1.480 |
4 | 92782 | 1.475 |
8 | 339363 | 1.470 |
Price($) | Vol. | No. |
---|---|---|
1.495 | 29898 | 12 |
1.500 | 34460 | 6 |
1.505 | 20281 | 4 |
1.510 | 60756 | 6 |
1.515 | 33561 | 9 |
Last trade - 11.54am 25/06/2024 (20 minute delay) ? |
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