Barely legal: Arrium, a fee-fest for financiers, a misery ...
In September 2014, when its share price was $0.60, Arrium announced a $754 million capital raising. The capital raising price was $0.48 and, on the first day of trading after the announcement, there were 37,582,199 shares short sold and the share price collapsed to 40c. When the offer closed, the share price was $0.345.
DA: 16 PA: 23 MOZ Rank: 15