Someone wrote in an online newspaper
"What a moron. Every other firm is using renouncable rights issuance for their fund raising, ensuring that the principle of ensuring their long term shareholders are given priority in subscribing to new share issuance is upheld.
Tony on the other hand is happy to hand shares at a discount to new shareholders, leaving current shareholders with diluted stakes. Perhaps he is so broke, he can't subscribe to his own portion, hence the offer to external parties.
AirAsia's long term shareholders should perhaps start a sell off, resulting in a price collapse, ensuring his new share issuance is a 'spectacular success'".
sounds about right.