"(DART Energy, the proposed Arrow Energy spinoff, has made a most unusual request of the ASX to allow it to make an institutional placement of up to 15 per cent of its capital before the shares begin trading)"
Pixie,
Now you can see as to why they preferred to have less shares on issue and gave us 1 for 2, and not 1 for 1 as originally planned.
To issue 15% of the capital if we were to receive the 1 for 1, would have put the total issued capital to about/over 1 billion shares. NOT A VERY PLEASANT PICTURE, lol.
And to issue them even before the company has started trading on the market, well....IT SUCKS. It really show us what our Management are capable of.
At what price are the shares going to issued..??? Is it a payback for the instos that helped them getting the deal through..?? I don't really know, but speculations do abound.
Can we really trust them..???
Buddy
AOE Price at posting:
$4.99 Sentiment: Hold Disclosure: Held
