If they gave you all the details now, there would be nothing left to ask at the roadshow.
If their strategy is to "mushroom" 99% of their shareholders and only release the most important information to those 1% that attend a roadshow then I believe this capital raising and perhaps as a consequence this company are doomed, in my humble opinion. All we shareholders have to go on at the moment regarding this company's financial viability are the quarterly 4Cs, and they paint a dark picture indeed. It's great that CCE/EMC are winning some contracts but without some financial visibility as to whether these wins will keep the company afloat, any contribution by me to this capital raising would be tantamount to investing blind.
Mega, both you and I are in RNE. Take a look at any of their announcements regarding new contract wins and you'll always see either revenue and earnings estimates, or equity IRR and equity yield estimates. Here are some typical examples:
If CCE could be as financially transparent as this we shareholders would have at least some idea of where this company is heading financially, rather than having to guess.
CCE Price at posting:
3.0¢ Sentiment: None Disclosure: Held
