- Joined
- 12 January 2008
- Posts
- 7,334
- Reactions
- 18,305
Not only "no dividends for a while", the latest capital raise was done at a huge discount!
Closed at 0.31 did the raise at 0.20. Whoosh, there goes another 50%.
Mgt needs this $15M to progress their strategic plans. What have they been doing for the last three years as the share price has fallen 60%?
There so many "dogs" on the ASX that don't deserve the privilege of raising money so easily.
Closed at 0.31 did the raise at 0.20. Whoosh, there goes another 50%.
Mgt needs this $15M to progress their strategic plans. What have they been doing for the last three years as the share price has fallen 60%?
There so many "dogs" on the ASX that don't deserve the privilege of raising money so easily.