Read? Right issue back again (5)
Test of retail investor's mind and heart
Rights issue can be a test of retail investor's mind and heart. Are they in harmony? Is the mind or heart controlling the retail investor?
The mind may say "No". It is like throwing good money after bad money; but the heart is unwilling to cut and go and then seek for the next opportunity.
So it is either cut and go as we don't need to win back in the same manner that we have lost it or sell the rights to lower the holding capital cost at diluted interests.
Xiaomi – Strategic expansion into premium smartphones and electric vehicles
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