VYS 1.89% 5.2¢ vysarn limited

rights issue shortfall

  1. PDK
    234 Posts.
    It looks like I was correct in assuming the persistent selling yesterday came from the underwriters and their preferencial clients who have no intention to hold MHM shares they are on any deal that makes a quick buck.
    Today's announcement shows the directors allowed the underwriters and their friends to make money at the expense of the rest of shareholders. I cant say it shows the directors lack of business acumen and wisdom since the men are well qualified - so it has to be they are knowingly allowing the average shareholder to be screwed by the underwriters.

    Why was I not allowed to subscribe for additional shares at 20 cents? The shortfall was offered to the underwriters.

    I would not be selling them yesterday. In fact I have bought more yesterday probably from the scum underwriters and their sophisticated clients who were selling yesterday.

    This really offends me and I hope the directors read these posts.
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