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2.0¢ real energy corporation limited

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Kipper01

5,308 Posts.

156

05/03/19

10:12

Post #: 37653337
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Originally posted by jakspara ↑

yes kip i understand you were referring to shareholders selling. I was simply using your reference to highlight the fact that management has essentially done the same thing that you deemed "piddling on their pants" ie. sold at low prices. Yep, clearly some cash was needed but if we are so well positioned in the short term why take a fair chunk more than originally sought (30% more than the proposed maximum)? Printing shares (plus sweetner options) to raise funds is much and the same as selling shares. When originally looking to place a dilutionary 8% of the overall capital at these levels (when we're expecting short term catalysts/re-rate) and then taking an extra 30% of the proposed funds on top (which equates to almost 15% of overall company capital when factoring in attaching options) one might say that they "sold at low prices" no?

Each to their own and everyone has a right to defend or question the companies actions. At the end of the day everyone will vote with their capital, as they say, it's a voting machine

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Fair enough jak …

RLE Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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