Quote Originally Posted by Jaa View Post
Thanks for that, didn't realise Bain had a board rep.

Frustrating to see Westpac et al, Salt Funds Management and other high rollers helping themselves to loads of extra 56cent shares. Why wasn't that option presented first to long suffering existing shareholders via a pro-rata over-subscription facility?

Until the NZX and NZ directors understand that a market needs to be fair and equitable to attract broad based support I fear the NZX and companies listed on it will continue to struggle.
Yes I was disappointed too - others have offered that e.g. I think Steel & Tube did and it worked well for shareholders.