You are right. And I dumped my RDM years ago for that reason.
Companies like that are wasting their time with an ASX listing IMO, better just to delist themselves.
But they want access to the easy capital, but not prepared to stick their necks out to promote the stock and attract new investors.
Anyway we are waving goodbye to lots of fed up shareholders today by the look of things. I doubt management care, but we should, because all these dumps at ever lower prices into a weak top20 register are going to make it nigh impossible to get a run on this stock unless a miracle happens.
KEY Price at posting:
9.5¢ Sentiment: None Disclosure: Held