This should make a few happy ...
http://www.scoop.co.nz/stories/BU150...ghts-offer.htm
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This should make a few happy ...
http://www.scoop.co.nz/stories/BU150...ghts-offer.htm
Heres a pretty straightforward article.
http://www.investopedia.com/ask/answ...on-warrant.asp
Anybody else have any idea what the support for this capital raise will be like. Are there any big holders out there taking up their rights or options? If there was good support, I'd look at getting SEARA. I wonder if they tried to find an underwriter before going to the market with the capital raise. I also feel the capital raise at .008 was far to low a discount to the value of the shares being traded before the announcement.
Thanks A144.
Went to their Wellington meeting today - quite enlightening actually. Glad to see the new Chairman (in particular) and the CFO are both prepared to call it the way it is. Nice to see both of them not shy away from the "sticky" questions. I get tired of going to shareholder meetings where "diplomacy" and "b..sh.t" take precedence over frankness and honesty. Can finally make sense out of why the old Board was cleaned out now.
Not holding many at the moment (& don't qualify for the rights issue:() but sincerely hope that it all comes together for them. Will certainly keep watching.
Thanks for that Dentie....had already decided to take up the rights but it is nice to get some positive feedback.
How close to opening is new plant?
I thought I heard the CFO say words to the effect that he was "excited" because commissioning was only 45 days away.
Please don't register your disdain on here if it takes 46 days ari.
Bottom line is - this new board is onto it. Chairman mentioned openly to the meeting that when he arrived, he was amazed there was no business plan for the new plant!
I seem to recall you singing the praises of the prior management team - all who have been 'purged' and http://www.nbr.co.nz/article/seadrag...lders-b-178225
Unbelievable attack on a number of people really and not sure what would have been a confidential approach from a potentially significant customer was smart to broadcast.
Would of thought $2.5m of GP to underwrite the plant wouldn't have been a bad a start - $10/kg Tuna is a joke - there aren't any!?
Unlike some - I actually attend meetings and I ask questions at those meetings. Maybe naively (in hindsight), I trust what Chairman's and CEO's tell me in response to those questions (especially in an open forum). Perhaps in future I should ask to see the relevant Board papers, minutes and other strategic documentation as evidence that they are telling the truth? Or maybe I should just ask you (& a few others on here) for the truth ... and forget about taking the time to go to the meetings. You seem to know it all. Don't you worry mate - I'll stick with the meetings ... amazing what you learn at those meetings.....;)....!!
Yes, I believed what the old Board was saying at those meetings. But just for you Apathy, my financial decisions are hugely based on the published numbers - hence my selling out very soon after. I'm now happy to be back in.