I am contacting the company to register my disgust with how Turners recent capital raising was run. There seems to have been no rush to raise the money.
Offering discounted shares to the big end of town while shafting your small shareholder base with a token SPP that does nothing other that tie up our money to the company's advantage is no way to build a sustainable company with a loyal shareholding base.
Can you now assure me as a shareholder and owner of this business that any future capital risings will be via renounceable rights issues which NZ Shareholders Association and many others recommend as best practice? If not, why not?
Here's some free advice:
https://www.nzshareholders.co.nz/sha...tpracticeid=23