This company has put its hand out for additional capital every year over the past six, bar one (2009).
And the amounts it has raised are not insignificant, either:
2008: $117m
2009: nil
2010: $260m
2011: $177m
2012: $92m
2103: $80m
for a total of $725m.
This compares to a current market value of some $350m.
Needless to say, the destruction of shareholder value has been breathtaking.
