persistentone, Management are payed by equity holders to...

persistentone,

Management are payed by equity holders to maximise their interests.

They are not employed to promote beppa interests over the equity holders who pay them.

For if management were to do what you suggest.

Then management are truely light weight and should fill their handbags full of bricks so they don't blow away on windy day.

I would suggest and hope they're better than that.

At some point in the dilution consideration they have to consider,

if we do this, what have we done to the people who are paying us?, whats best for the equity holders.

100% tax write off a lot better than what your suggesting.