Malaysian Airline shares sink to record low on rights plan -
http://goo.gl/51kzW
Different continents, same story line... They should talk to KQ management - should be an interesting session about lessons learnt.
Quote:Shares in Malaysian Airline System Bhd (MAS) tumbled more than 20 percent to an all-time low on Wednesday as the national carrier's 3.1 billion ringgit ($1 billion) rights issue plan triggered fears of share dilution and uncertainty over the move.
MAS shares are down about 22.5 percent since the beginning of the year. In February, the company reported its worst-ever loss of 2.5 billion ringgit for 2011, surprising analysts who had expected its restructuring to limit losses.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!