Sunday, February 17, 2008

Reliance Power plans bonus share for shareholders-Whose Money is it?

Reliance Power plans bonus share issue for shareholders

Rel Power board meet on Feb 24 for bonus shrs

COMMENTS BY PUBLIC:

Bonus shares are issued by cashing in on the free reserves of the company. This company only exist on paper (just a Letter head Stage)Company and sitting with our cash! Are there any reserves at all? Whose money is this? Are they shelling from their own pocket? I think the management now accepted that the IPO was horrendously priced. RPower will now become even more liquid.

Whose money it is ?

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