Cap raising now would be an absolute disgrace. They have to take their medicine and slow the cash burn and get IFE delivering cash into the coffers. A cap raising would indicate to me that IFE financials are marginal (which explains why they are quiet on this topic).
Diluting shares cannot be in the shareholders interests. It will certainly get me on a plane to the next gerneral meeting to voice my holdings.
However, your comment on this topic unsettles me as you (and Dradam) often provide good insight to the company (and Ian) to us on HC and makes me worry that things may not be as good as has been previously painted.
I hope you are incorrect on this one.
TRF Price at posting:
39.5¢ Sentiment: Hold Disclosure: Held
