sharetrader
Page 3 of 4 FirstFirst 1234 LastLast
Results 21 to 30 of 39
  1. #21
    Legend Balance's Avatar
    Join Date
    Feb 2003
    Posts
    21,480

    Default

    Quote Originally Posted by whatsup View Post
    When you read the recent announcements regarding cancelled deals, one would have to think , have they been reckless with the purchasing or intended purchases over the last year or there abouts?
    The more deals, the more fees.

    That’s their modus operandi so hardly surprising.

  2. #22
    Guru
    Join Date
    Jul 2002
    Location
    New Zealand.
    Posts
    4,411

    Default

    Quote Originally Posted by Balance View Post
    The more deals, the more fees.

    That’s their modus operandi so hardly surprising.
    Agree but who pays for the forfeited deposits , millions and millions ?

  3. #23
    Legend Balance's Avatar
    Join Date
    Feb 2003
    Posts
    21,480

    Default

    Quote Originally Posted by whatsup View Post
    Agree but who pays for the forfeited deposits , millions and millions ?
    Presumably Augusta.

    Kinda like underwriting a deal which failed to go ahead.

  4. #24
    Speedy Az winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    37,737

    Default

    Quote Originally Posted by Balance View Post
    Presumably Augusta.

    Kinda like underwriting a deal which failed to go ahead.
    They owned up to forfeiting deposits
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  5. #25
    Speedy Az winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    37,737

    Default

    Balance - is that guy Francis still running the place
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  6. #26
    Guru
    Join Date
    Jul 2002
    Location
    New Zealand.
    Posts
    4,411

    Default

    Quote Originally Posted by winner69 View Post
    Balance - is that guy Francis still running the place
    Yes, son of ... ( who said Chase ? )

  7. #27
    Legend peat's Avatar
    Join Date
    Aug 2004
    Location
    Whanganui, New Zealand.
    Posts
    6,435

    Default

    typical of an interesting* company to use a temporary covid19 law relaxation to progress their interests.

    so even if you take up your full entitlement you will be 20% diluted? Sounds annoying. Still , raisin' cash is good.

    take care out there.




    *interesting = you know what I mean
    Last edited by peat; 06-05-2020 at 11:24 PM. Reason: dilution comment
    For clarity, nothing I say is advice....

  8. #28
    Member
    Join Date
    Apr 2020
    Location
    Lower Hutt
    Posts
    454

    Default

    I've got ~11500 shares, am I better to purchase my entitlement or not? I'm in for .88c a share, does this mean I'm diluted 37.5% if I don't buy and if I do buy I need spend ~3k and become 20% diluted?

  9. #29
    Member
    Join Date
    Mar 2014
    Location
    In Exile
    Posts
    337

    Default

    Quote Originally Posted by thegreatestben View Post
    I've got ~11500 shares, am I better to purchase my entitlement or not? I'm in for .88c a share, does this mean I'm diluted 37.5% if I don't buy and if I do buy I need spend ~3k and become 20% diluted?
    Leaving aside the point that capital raisings other than by way of prorata rights issues are always dilutive and generally not in the best interests of shareholders, if I still held shares, I would take up my entitlement to the max so long as the shares are trading reasonably above the subscription price for the new shares. The capital raising is gong to happen anyway so you might as well get whatever benefit you can from it.

    Separate point. You mentioned the price you paid for your existing shares. With respect, I'd suggest that what an investor paid for something should not be a relevant factor in deciding whether or not to buy more or to sell. Your purchase price has no bearing on the current or future value of the shares. And, yes, even though I know this I still find it really hard to recognise my mistakes and sell shares in companies that disappoint.

    Disclosure: former shareholder

  10. #30
    Member
    Join Date
    Apr 2020
    Location
    Lower Hutt
    Posts
    454

    Default

    Thanks for your reply! RE: price, I wasn't sure what's relevant or not and thought it might be comparable to the .55c offer.

    I did note that the SP averaged .76 today, which made me think it's a reasonable move to accept entitlement. Perhaps a good way to learn in this case is to experience and see what falls out.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •