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7,545 Posts.
26
22/04/10
18:16
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What's the point of getting an independent valuation if you're going to screw investors that bought because of it?
This is disgusting.
Cap raisings are usually done to a small discount to market price - usually the vwap of the previous 4 days trading.
Meaning a 32-35cent fair prie to EVERYONE (
This bull dust announcement ensures means the price will open at 20 cents.
Anything above will quickly be sold down for a quick profit.
Seen it all before.
unless they pull a big announcement prior to opening, but that is highly unlikely.
RGM and Tim Boyd have absolutely ripped the shareholders off.
pathetic.
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