Snowey - dilution is par for the course. Failures of Motopia around the MConnect and cBox businesses are the reason long terms holders have lost all their wealth. Foolish to expect new management to care too much about them - their focus should be on ensuring everyone under the convertible note and rights issue makes a decent return.
Your constant banging the drum of "poor long suffering shareholders" is getting old and boring. If you need to know why Motopia failed in 2011 you know who to ask - but i suspect you already know...
MOT Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held