These have been going on forever. Don’t know how many I got caught up in. I was in to this around 2009. Nothing has changed. They never stop. Every time the bikkie bin [aka salaries and Directors fees “fund”] starts to empty out comes another rights issue. Used to toss in a Cordical or MDS [which I now own heaps of] as a sweetener as well. Run out of those so just discount the price. Have to keep the bikkie bin topped up!!!! It is as regular as clockwork.
What do they ACTUALLY DO anymore?
Good luck. I got out years ago now and just check in out of interest wondering how the hell I got caught up in the first place.
BPH Price at posting:
0.3¢ Sentiment: None Disclosure: Not Held