News: APC Australian Potash Announces A Renounceable Rights Issue To Raise Up To About $5.2 Million..., page-2

Well bravo on yet another total balls-up.

Been trading at 10+ for weeks (and 12+ for some time) and they decimate the registry once again.

I wonder if in their minds they actually thought an 8 cent raise was a good idea, or if they know how bad it is but prefer to just raise their salaries for the next few years with no regard for what it will do to the SP.

The part that makes this even worse is that they've put a cap on it with the 12c options which will stop it getting any higher until those options have been churned.

This is what happens when engineer-types run listed companies.