Hard not ton have a chuckle about the share price starting to go up today. It seems the sheep want to be shorn ;)
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Hard not ton have a chuckle about the share price starting to go up today. It seems the sheep want to be shorn ;)
wow.... the news is stark, the price is stupid
discl
short.
"no rights issue for existing shareholders"
it was tough for the SHAZ but they must be trusting the govt after all they all voted for the PM and her band of bothers and sisters.
Its a long and wait and see if it becomes an inviting destressed asset.
They got shorn like sheep with many deep cuts to the skin. Whole new generation of investors lining up keenly at the woolshed who think the Govt have nice clean shears and will get a fair sharing, opps sorry shearing, and will treat them with kindness. After all Cindy says "Be Kind"...what could possibly go wrong :eek2:...meanwhile all those staff on $300,000+ keep on collecting their pay from a business that's going downhill at 500 knots.
I don't think it would be fair to blame the government in this case.
I can't remember any stock where the signs have been clearer and for a longer time at the wall than currently at AIR. No current shareholder can complain at cap raise time that they didn't get plenty of warning and that they didn't had a chance to get out at a good price.
This feels more like fully informed sheep pushing forward to be the first on the truck going to the meat works ... and I doubt sheep would be that dumb.
the cap raise might be split up. Govt and register go on different builds , institutional and then retail.
the longer the delays the govt can just hold out.
it as if they dont want to pay up at this price... either way the Shaz takes a hiding unless a miracle turns up..
a modified mRNA specially for delta but the wider gap increases immunity...
they are praying...just praying..for a 50 cent handle..
Possible Grant and Cindy conversation.
Grant - Look luv I've run this past every public relations and communications firm in town and there's simply no plausible way we can put enough lipsticks on this pig to make it look like it'll fly.
Cindy - I could loan you some of my lippy if you like ?
Grant - I couldn't do that to you, you need it to keep trying to tell everyone your vaccination program is a success
Cindy - Could we simply admit this thing is a mange infested flea ridden pig and try and con the public into backing it at 25 cents like last time ?
Grant - That's not a vote winner sweetie, doesn't fit with all that other B.S. you've been telling people about being kind. Current shareholders would feel like they're being sold down the river wouldn't they ?
Cindy - I thought the way we arm wrestled that Union rep onto the board that would fix all our problems ?
Grant - Problem is I'm reliably informed the Unions are the ones bleeding this pig dry.
Cindy - The staff are going to have to learn to sink or swim sooner or later aren't they ?
Grant - The problem is precious, we can't find any investment banking firm stupid enough to underwrite the cash issue, the company is such an absolute mess so maybe its more hard times for staff ?
Cindy - Could we float the whole darn thing on Sharsies ?
Grant - Plenty of gullible punters on there for sure love but I don't think many have really deep pockets.
Cindy - Shall we just keep kicking the can down the road and hope its the next Govt's problem ?
Grant - Excellent idea, lets do that, and in the meantime keep plugging them with usurious interest rates on their loan, what could possibly go wrong ?
Cindy - Nothing, and if it does lets just print some more money and it'll be all good.
Grant - Maybe if this thing turns into a complete train wreck we can nick it for cents on the dollar and all comrades will have a stake ?
Cindy - Another idea might be to flick it off to Iwi and call it a treaty settlement ?
Grant- Then Shane Jones and his mates can charge whatever they like for domestic fares and its not our problem !
Cindy - You're a genius, lets do this.
There are a lot of confused night cleaners down the HQ these days. These strange people from Corporate keep telling them "You are an officer and director now. Please sign this little book(Prospectus) for a $1m free payment into your account tonight......No one will sign that prospectus imo without titanium clad govt guarantees.