Extraordinarily poor treatment for long term holders24 May 2020 10:50
This was simply a shocking deal for long term holders of the stock and a stunning one for the new investors. I have never seen existing shareholders treated so shabbily, in particular the extremely narrow and poorly communicated opportunity to subscribe for shares. I would be very surprised if this is the last we hear of this matter as this transaction disregards all the normal rules of treating all shareholders equally and fairly.