The more I think about this, the more it is not surprising. Look at the top 20 shareholders below.
- Woolworths was never going to take up their rights.
- Did Shimin Song take up his? Don't know yet. 123M acceptances, maybe he did. Or is he an insider?
- Many of the other companies or people at 3rd place and below are insiders. 34 insiders (from memory) are getting free shares via interest free loans, why would they spend their own money taking up rights?
I'm looking forward to the Q1 report at the end of this month which hopefully shows all this craft beer "flowing" through to the bottom line.
GRB Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
