asahee..majority following Galaxy on HC are fans of the original vision sold to us 2-3 years ago, however I personally cannot with conscious vote for this rights issue as its beyond sensible. Why throw good money after bad. With extreme dilution upon us this company in its current form and existing management doesn't deserve extra funding. They need to be held accountable.
I would rather liquate assets and get my 20c and look at who purchases Jiangsu operation and Sal de Vida assets. I don't envisage the share price reaching 20c anytime soon post rights issue. I look at 3-5 year timeframes and this set me back thousands and made me and shareholders who believed in this company very angry. The managements vision and growth via multiple cap raisings and increasing debt gone terribly wrong.
Good luck all.
GXY Price at posting:
7.8¢ Sentiment: Sell Disclosure: Held
