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03-08-2010, 10:38 AM
#331
Originally Posted by Stranger_Danger
Umm, so now they're asking 80 year old ex Hanover debenture holders to put money in?
Is it April Fools day?
What happens when you are desperate for survival eh
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03-08-2010, 10:43 AM
#332
Pretty much.
This is the key line - The recent extension to our
banking arrangements with Westpac, albeit with restructuring and capital
raising milestones that are required to be met, signalled confidence in our
plans, which we too are confident provide a solid foundation for our future
growth.
Capital raising failure = bye bye company.
----
Never try to teach a pig to sing. It wastes your time and annoys the pig.
----
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03-08-2010, 10:44 AM
#333
I have been voicing loud and clear for those that did want to listen.
Last edited by Dr_Who; 03-08-2010 at 10:49 AM.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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03-08-2010, 11:17 AM
#334
Originally Posted by Stranger_Danger
Pretty much.
This is the key line - The recent extension to our
banking arrangements with Westpac, albeit with restructuring and capital
raising milestones that are required to be met, signalled confidence in our
plans, which we too are confident provide a solid foundation for our future
growth.
Capital raising failure = bye bye company.
Can it fail if it is underwritten?
Alan.
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03-08-2010, 11:19 AM
#335
Bet you that most of Hangover holders who are now Allied shareholders don't even know what a rights issue is .... heck many didn't knoe about shares or have a CRN number and such things
Maybe they might be tempted if Allied say heck guys the last lot you got were 20 cents odd and these are 2.5 cents ....... what a bargain eh .... cheap as
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03-08-2010, 11:27 AM
#336
Member
Originally Posted by winner69
heck guys the last lot you got were 20 cents odd and these are 2.5 cents ....... what a bargain eh .... cheap as
And just ignore the fact that the last lot are now worth 1/5 of what you got 'em for.
Similar to the UK pensioners with BP stock. Poor, innocent victims.
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03-08-2010, 11:31 AM
#337
wow cant get much closer to my 2 c valuation than this , unless they go bust of course which must be a possibilty now if they have to go to the drastic action of a rights issue at this price.
one step ahead of the herd
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03-08-2010, 11:39 AM
#338
April last year a rights issue at 40 cents .... good one
And whatever happened to the $7m Resimac from Aust 'committed' last October ..... that propped up the balance sheet big time and sucked Westpac in for a while ..... and now the chicken has come home to roost ..... and desperate measures now needed ..... wasn't it Shoeshine in one recent column talking about such things used the word deception
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03-08-2010, 12:05 PM
#339
Originally Posted by Stranger_Danger
Pretty much.
This is the key line -...
Capital raising failure = bye bye company.
I quite like this line as well" "I am also encouraging our current shareholders to take up their rights, not only to support the business and its future plans, but also to avoid any dilution effect from the capital raising"
Encouragement = "you are over a barrel. We've taken our pleasure with you via Hanover but we want to be around a bit longer so we can take advantage of our salaries and director fees. We need your support because there is no money in Hanover and other parts of the business don't look that flash. We've comprehensively managed to dilute your original investment and we encourage you to give us more NOW because its near on impossible to dilute value when its at Zero.
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03-08-2010, 12:09 PM
#340
Originally Posted by minimoke
I quite like this line as well" "I am also encouraging our current shareholders to take up their rights, not only to support the business and its future plans, but also to avoid any dilution effect from the capital raising"
Encouragement = "you are over a barrel. We've taken our pleasure with you via Hanover but we want to be around a bit longer so we can take advantage of our salaries and director fees. We need your support because there is no money in Hanover and other parts of the business don't look that flash. We've comprehensively managed to dilute your original investment and we encourage you to give us more NOW because its near on impossible to dilute value when its at Zero.
You are onto it Minimoke.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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