i almost fell over when i read that they were raising $500m at...

i almost fell over when i read that they were raising $500m at $0.20. what a joke, dilution on a massive scale and no one knew about it? why did the share price get hammered so much?

this is the type of thing that makes people lose confidence in capital markets, insiders screwing the rest of the unit holders over.

i dont have any units but i have been watching it for a while now, so once the cap raising is out of the way i will be having a hard look at it because for $20k i will be able to get 100k units on a yield of around 20%.

still, existing unit holders will be gutted by this.