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
$1.24 |
Change
0.055(4.66%) |
Mkt cap ! $1.077B |
Open | High | Low | Value | Volume |
$1.18 | $1.25 | $1.16 | $13.08M | 10.80M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5865 | $1.23 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.24 | 37064 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5865 | 1.230 |
3 | 12682 | 1.225 |
10 | 35339 | 1.220 |
1 | 10000 | 1.215 |
4 | 28589 | 1.210 |
Price($) | Vol. | No. |
---|---|---|
1.235 | 32000 | 2 |
1.240 | 13000 | 2 |
1.245 | 20561 | 5 |
1.250 | 122019 | 23 |
1.255 | 21284 | 4 |
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