The point Im trying to make is that if the board take up their entitlements then I will also, it will show they believe in the companys future and at the end of the day its about making money and they can benefit in the shares appreciating. Bounty(BUY) announced a rights issue to S/H today, and they stated in the 2nd paragraph that the board and executives of the company will be taking up their entitlements , I will automatically subscribe to that offer. If management are willing to put hands in their pockets thats a vote of confidence in the company IMHO
KEY Price at posting:
4.5¢ Sentiment: None Disclosure: Held