Give credit where credit is due.
That ALS decided to flatten future debt by issuing scrip at what I consider to be the most generous price of CA$14 is the most expedient thing the company could do at the present time. REMEMBER we are in a very low interest rate cycle and this is not going to last forever,to service debt at pernicious interest rates means ALS would have to forfiet earnings which penalises shareholder interests. The other point I have noticed is that there are a number of retail investors wanting to get on board,well NO time like the present and those institutional investors which are piling in at the expense of the feckless weak holders will be enjoying the weak moment that is in play now by collecting cheap scrip. Iseek safe harbour and DYODD