RE: Equity Raise....6 Mar 2024 10:14
Stokey, whilst I agree that any equity raise would garner very little in funds at this level . At a premium, err, maybe. But even then, the amounts derived from such an exercise would be meaningless compared to what they actually need. It would also mean that the much touted financing excerise has failed, if they were going down that road. It would also require some kind of huge carrot to dangle to prospective buyers. And all they normally want is an actual discount or vast numbers of warrants. So, no can't see one being done at a premium. He's done a double before, but a triple the issue would be big, even for JW.
And as regards JW not wishing to dilute his own shareholding. Wouldn't bother him in the slightest. IMVH and HO.
His percentage holdings have, I beleive, gone down over time, not up.
H9, as fun as it must be for you to poke the bulls from over the fence. Curious what the end game is for you? Or even if you have one. You, like everyone else, have had the chance to buy back in at a reasonable discount of late and have not shown, publicly at least, for that to be the case. Have you just decided that you are going to stick around and offer "balance"?
Or are you waiting for "certain things" to be sorted first. Genuinely interested, fwiw.
Not taking the P, btw. If I wasn't interested you would be in the sin bin with all the nutters, rampers and the down right unpleasant scumbags.