As stated:
Normally companies offer the retail share holders the shares at a discount to the institutions if the share price falls below the institutional placement.
If you still don't understand the way companies who are genuinly working for their share operate then have a look at WAN which became SWM had a hell of time due to being old media empire. About 18 months ago you will see how when they raised capital and the price fell below the completed institutional transaction they offered their
non institutional share holders who are the Majority owners the same deal at a discount to the market price which was well below the institutional placement price.
This is normal practice. It is also the only fair way manage a sincere raising.
Companies will often discount.
I repeat the timing of this deal is outrageous.
Look at what the Chinese market has done whilst these Ausi idiots and cheating Chinese on the board stopped GBG from trading at it's absolute bottom. Then handed a massive amount of shares to the Chinese.
FMG AGO GRR and related service companies like ASL, NWH, have risen about 25% during this process.
The Communists manipulate their own share market, and try to manipulate, and often succeed in manipulating sentiment in global markets including the recent strike on buyng Iron Ore, Coal and selling rare earths, dumping solar panels into US markets, manipulating their currency it goes on and on.
They know when their market is going to run because the corrupt leadership have huge supplies of the countries wealth and are the ones who go in a buy their own market just before market moving stratigic changes, stimulus announcements and so on as I have illistrated above with the pictures of the Chinese market charts.
The Chinese dictatorship know exactly what they are doing and none of their larger companies like Ansteel and Hanlon are genuinly independent though they constantly try to appear to be, just like the Chinese courts, so they know when best to sabotage etc.
This is so obvious it's rediculous that our authorities are not stepping in and when our stupid authorities do they convict a Hanlon executive our idiot authorities then let him fly out of the fricken country, with the promise that he will return.
Does he return?
Of course not!
Our authorities also say nothing when it is clear that Chinese media are manipulating entire comunities in places like Malaysia to interfere with companies like Lynus, by telling blatant lies in the media about the dangers and laws surrounding the production of rare earths and pay people to protest in the streets.
This all occurs after the processing plant has been in construction for years with no protests, then a Chinese bid is blocked by the Ausi Gov, one good move, but then all the lying and Chinese language media of Malaysia starts.
How dumb are we?