RE: Ran out of steam7 Jan 2022 11:21
" Any placing should be to all shareholders NOW. IMHO placing in the old ways is now illegal under the circumstances."
Why? they have to maintain a "going concern", they have put what they know (or what they say they know) into the public domain. If someone wishes to underwrite a raise in return for discounted shares they are risking that the "buyer" may not turn up etc etc . They are, and the markets, are fully informed. You can always put up a motion that any new shares be offered to all current shareholders - nothing to stop you.