watso has noticed that a few, underwritten share issues, have...

watso has noticed that a few, underwritten share issues, have had a miserable uptake from shareholders... eg kmc, rdr etc. non underwritten issues , have had a similar fate.

so can gda survive???? - off course it will - after all, golf club fees need to be paid, the grand kids need to go on a holiday etc etc. as always the cunning lads at gda, will think of innovative ways to keep the tax deduction alive, and at the same time, generate director fees, which pay for the golf fees etc.

watso would love to be a "microphone in the wall", in the gda bunker room, as the gda generals discuss options for the next "innovative" capital raising.

a one for one issue, at one tenth of one cent, might be lucky enough to raise enough funds to buy a cheap pushbike, on special at kmart - and that is in a market, where kerbside rubbish collection, gives bikes for free.