I'm happy for the cap raising cause the money is going to be productive not wasted on bloated salaries. Sure as night follows day, there will eventually be a consolidation so all the Worrying Wallys out there can stop complaining about a billion shares etc etc. I still don't see the prob, but I see that the market would respond better if there were 200m shares out there rather than a billion plus.
I'd take up an offer of shares but presume that like in most companies, the allocation is already made up & will go to monied up investors who'll buy in at a slight discount & ride the wave. Well, so be it. I don't mind who else makes money so long as I am too!
I support the current management & their efforts as I see them as the only way we're going to finally realise on this overly long drawn out saga.
RMG Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held
