I like the part in the announcement where they say they want to give small shareholders ie mums and dads a chance to increase their shareholding at a discount to market.
Shareholders will be holding these shares in the knowledge they are probably going to get fleeced...
Dont be fooled folks!
I reckon the previous underwriter turned tail and is still running.
Good luck on the new "revised" or is it "new and improved" rights issue.
see ya in court, page-24
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