Jenny Ruth writes a piece
Eroad capital raising speed and discount smacks of unexplained desperation
And pisses Chair Susan off big time who then texts Jenny with this tirade -
POSTSCRIPT: Late yesterday, Paterson texted me the following (I’ve corrected the grammar and spelling): “Reflecting on your questions, we are a great NZ company delivering unbelievable value to our clients and the world. Yes, there may be capital-raising events to provide certainty for future growth. But replacing debt for equity to give us headroom is a positive thing. It would be good if some informed commentators could provide understanding views. We are absolutely doing the right thing by the company and always will do. It’s unfortunate many commentators, who aren’t ‘in the ring’' trying to create value, are just wanting to throw stones.”
https://justthebusinessjennyruth.sub...title&r=1rwf26