Just trying to warn people of the risks and point out the massive holes in governance standards. My job is basically done, I feel.
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Dilution is the solution.
Or is it?
20% more shares, but no 20% increase in NPAT?
Reminds me of a Grace Jones song"From the nipple to the bottle never satisfied"
I bought into SML on Friday and hope that the paper-work went through quick enough for me to be in on the cap raise.
Only wanted in for the 'Pokeno bounce' but luckily Leopards are agile and can react to rapidly changing circumstances.
A quick recalc of value says I should be OK in the short term and reasonable over five years.
Placement went through at the underwritten price of $5.10, so doesn't show great support for them. I closed out my swing trade position just as it opened again for $5.90 and am very happy with that. I'll be there for the SPP for sure though. Is that having my cake and eating it?
https://www.nzx.com/announcements/363072
:confused: The placement price was fixed at $5.10 in the original announcement, so of course they all went at $5.10.
The good thing is that they all went. :mellow:
https://thediplomat.com/wp-content/u...2_12-29-03.jpg