BMR Mining - Re: BMR Stream Log - AB has shown his hand...

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Re: BMR Stream Log
09:24 30/04/2015
scotchoverice
0 replies 1 0

AB has shown his hand and must be opposed. If he was concerned about shareholders he would not be seeking to remove preemption rights. Quite the reverse. He would say - "look, you guys have been through the mill. So we may need to recapitalise but if so, you will have first refusal so any dilution you experience is because you chose not to invest"..instead he offers us double dilution and by next year we will be back to 1billion plus shares and we will have experienced a 90% ownership dilution and value destruction. Simply outrageous.

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