* sharsies (auto spell)
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Attachment 13681
I don’t really agree with the headline - retail investors aren’t being screwed now, they were just idiots hanging on to or buying into AirNZ for the past year or more when the company itself (along with basically every professional investor/analyst) was saying that there was going to be a very large dilutive capital raise to be done.
If a retail investor chooses to make an investment in an individual company, they better know everything about that company from a financial perspective. Not doing so is just lazy..
"don't hold AIR,"
the SHAZ hold nothing ... its a proxy
Off market transfers are always easy.
Looks like a squeeze to me :eek2:
The AIR price today is pure insanity...At 93c that is effectively $1.73 ($0.93 x 3 = $2.79 - $1.06) so up 36% since Friday....just WOW
AIR's equity worth $3.2b which was basically peak worth when it was making $400-500m a year and paying big dividends...now what you get is a 4-year drought and a still worse balance sheet even after raising capital than they had 3 years ago...
95 cents last traded lol