important thought of today

Today, seems ANZ is dumping its stock. short term pain.

I've averaged down today.

If management arn't already thinking about this perhaps they should. By phone or email as many of us as possible should suggest to them that they -

Extend the rights offer by 14 days

Halve the rights offer to 75 million shares

Keep the entitlement date the same but have it on a first come first serve basis.

This will reduce the need for Primes taking too large a stake.

Add value to the Share price.

The have reduced Debt by 7.5 million thank to Opes.

Is this a good plan of attack? If not why not???


Keep your chins up the storm will pass.

Company is cash flow positive with a big future

Remember to DYOR

Oscar