Exactly as predicted.
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As with Fonterra, I only expressed disappointment with the process. I do not know enough about either to have been interested.
I also expressed disappointment at XRO not offering a placement to small shareholders (as they have done in the past) and I am very disappointed I wont be able to buy in at $6 which is probably a lot closer to proper value than 7.75 where I sold out. If it dropped down close to $6 again, I would buy back in.
I also bought into STU at just above the placement price though I viewed that differently as that was a shareholder placement, rather than a company initiated placement as is the case with ATM, FSF, and XRO.
Plenty of volume sellers now lining up at 53 cents. I can only see small scale retail buying at 52 cents.
Question of time before one breaks rank and it's 52 cents.
My point is that too many look at the pre-placement price of 68 cents and get themselves excited at 50 cents.
The market is not that dumb and the brokers would have canvassed their client base enough to assess that the placement had to be done at 50 cents to be successful. There was never any real opportunity to make a 20% or 30% gain, post the placement.
Sparky or anyone else who got in on the placement, were you scaled back?
I picked up some more at 54 cents. If the stock drops little bit more I'm not concerned about it. When I buy something, I look at the potential future growth over the next 3 to 5 years.
Just wrote the company an email expressing my disappointment.
Which broker did you get the shares through biker?
There must be some hacked off punters who bought into ATM in recent times but going forward it must be short term pain for long term gain surely.
One would hope, but nobody can predict the future.
Did you get any response Waikare/Slimwin? I am also an investor who had 8300 shares (small I realize) and didn't get the chance to buy in at 50c, but am thinking of buying some more shares on monday if the price stays this low. Even though the company did this, I still have faith in them and their ability.
I'm a very recent investor in A2, 1 week. Also sent email expressing my opinion of not being included and hoping for a different mindset in the future. Maybe enough feedback from small investors may sway future dealings. I won't hold my breath though. I am hopeful this will be a small hiccup that will translate into a great business. Time will tell. Of which I will give it. Unless I get screwed over again.
No reply expected from rant. I hope they get the idea to include the great unwashed next time they do a raising.
Does anybody expect another equity raising and if so what would it be for?