re: re:you tell them Harlee, I too thought the 6.5c placement...

re: re:you tell them Harlee, I too thought the 6.5c placement was very well handled. By being able to sign the deal and then announce the outcome there was little interuption to the company or share price. Had an issue been made to shareholders, it would have meant a 5 week delay, an admistrative headache and at quite a cost for what was really a modest capital raising.
There are times though when shareholders must be given first right of refusal,especially when dealing with cheap shares and free options. If the directors wish to issue cheap shares then give them to shareholders as it is their company being heavily diluted.
I usually address my concerns to management if I think their priorities are wrong and have no problem selling out and moving on if not happy.
But in the case of EXT the issue price was only about 1c under market price. Well handled by management.
I respect the right of others to see it different to me.
redfrog