RE: More dilution7 May 2020 07:06
FFS Greenun what's happened to the 2.85million they raised end of January (have shareholders forgot the worlds been in lockdown) unable to spend!!!
This latest fund raise is like sticking 2 fingers up at all who invested 23rd January (that's right 23rd January) and the poor sodz paid 7.5p
A few weeks later they decide to flood the market with even more shares at a 2.5p or 3rd of the price investors paid a matter of weeks ago, if I was daft enough to have invested here in the first place I'd be fuming.
I feel for shareholders that are treated in this way
Straight out of the Colin Bird text book, he's a bloke with a history of diluting shareholders I think some of the companies he's involved with now have almost 2billion shares.
If this outfit keep up with issuing more and more shares 4 times a year they'll get there.
You need to remember Greenun to try and stay focused issuing more shares is is a bad thing for current investors don't pretend otherwise.