The question they are asking is incorrect. Are you interested in a rights issue at 2.30 - Answer yes.
Are you interested in paying MQG $345m to cancel management agreement - Resounding NO.
So you didn't like the first attempt to stick the hand in the till and take a dilution okay then lets just suck the money but the cost of this is outrageous. Just leave them in place for 3 years and after the GFC has stabilised than fire them for nothing.
MAP Price at posting:
$2.52 Sentiment: LT Buy Disclosure: Held