Originally posted by Sharetrader78
It's a very difficult environment to raise capital..... really when exactly was it easy has been tough for the micro-cap resources sector for many years now ..so nothing new there but many other micro-cap miners involve all S/H's not just a select few which of course happened in SEPT18 and most likely will happen again in time..
Now I'm going be happy to be wrong and Patto mates don't just dump on any movement higher as patto clients have been well known to do over the years .. and they hold till production ...but I won't be holding my breath..
Pre - lastest funds the company did have the cash to make it to April going from last Qtr report.. so what would have been so wrong with just getting the same interested parties to underwrite a much larger offer say 6-7mill but this time open up the offer to S/H's same price I certainly would have have been keen as I'm sure many would have been ..
According to some you are being a cry baby to question the cap raise and should only look forward coz 'it's done now'.
I see the point in that, but geez it only just happened and now anyone who questions cap raises is a baby who doesn't understand the market?
To me, cap raises are essential, but are also mostly handled in a rushed manner, and offered at discounts to a select few and very rarely benefit regular retail investors.
Just because that is the norm doesn't mean we can't acknowledge it or be annoyed.
As you say, there are alternatives to flogging large amounts at a discount and ignore the majority of holders.
I get there is no point being upset about it going forward, but it was only completed in the last few days and already people are like 'move on, it's done'.
It also took 14% off the share price instantly so in my opinion holders are entitled to raise the topic and how it could have been handled differently.
I have watched stocks be diluted into non existance in the past, so giving it some attention each time isn't some bad thing.
On the plus side, blah blah, of course, lots of plusses, but this is the cap raise thread so people can express opinions right? Even negative ones.
