The market (obviously) is pricing in dilution already. For that matter, I don’t know why anyone would buy shares via the rights issue when they could buy on-market tomorrow for the same price (or perhaps cheaper?)
I suppose the benefit of sending cash directly to the company is they can use it to write new paycheques for themselves. KPO exec are the cream of the industry. Their results speak for themselves. We need to make sure they’re happy and well remunerated, now more than ever. Losing our top talent at a time like this would be the worst possible outcome
Ann: Placement and Rights Issue, page-13
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Mkt cap ! $29.83M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 8 | 2040039 | 1.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 1888787 | 3 |
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