wba sticks it to existing shareholders

Once again management have decided to stick it to existing shareholders.

They issue 15% to an ex director @50c - and then give us a rights issue of 1 share for every four held with a LDR that entitles the new 15% shareholder to participate again in the rights issue and in addition he gets the 1.5c dividend on the 15% shares he got issued now because he will by then have held the shares for a whole four weeks. However the new shares I take up will only be issued after the LDR for the dividend.

So what is the message I am getting here ! This should not be allowed.