Why you should be ANGRY about this raise, and why the apologists are WRONG

I am recycling my own post, but with the large number of posts, I think it is important to ensure that people understand what happened over the weekend and the implications of the raise and dilution.

It is also important that if you care about your investment, and your personal wealth, you MUST let the company know this type of thing is not ok,

So @steve001 said the following in another thread




And this is my response.

Hey Steve, I appreciate the sentiment, but here is a little mathematics 101.

We are currently in trading halt at $0.145c

The people who bought last week are down the following amounts.

$0.14c = 21.4%
$0.145c = 24.1%
$0.15c = 26.6%
$0.155c = 29.0%

Add to this, an extra 6% dilution and you have the following amounts

$0.14c = 27.4%
$0.145c = 30.1%
$0.15c = 32.6%
$0.155c = 35.0%

Now just say you invested $20,000 last week.

You have literally been robbed this week.

What happens to your returns, in dollar terms, when you use these figures against a rise to $0.47c and $0.50c respectively



I appreciate that no one bought in the last week at $0.16c, but plenty of shares went through at $0.15c and $0.155c