What Jaygatsby is saying is correct, The way the CR is done is...

What Jaygatsby is saying is correct, The way the CR is done is not fair. If you own a small parcel you are loving it if you own a large parcel you are getting screwed. NVL & GSW just raised money from insto's & offered NONE to Retail holders. In cases like these it is important to ask the question, I always ask for a please explain from management and I think other Retail holders should do the same. If I think a company intends to raise capital the same way next time I am out of there. Everyone is competing for the same returns and Alpha and you can't compete when a stock you own is continually offered to others at a discount.