I am concerned that the other Fred seems to have disappeared. That Fred had some nice discussion points on him. So even though Fred is sadly no longer around, I am glad you have re raised some of his points.
Some people have had no choice but to end up with a diluted share of the company, whilst others have had the opportunity to gain a significant share at the expense of the first lot.
Now some will say, just suck it up, it's that end of the market, move on, make a decision, etc, etc. Some may take the Argus point of view and say "if you don't like it, invest elswhere",
BUT
That neglects to take into account that people don't just invest in a management teams, they also invest in a projects and assets.
These guys don't get paid to live in a world without critique!
ELK Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held