Good I hope if they need cash they raise soon and keep things moving as quickly as possible, many companies I hold do credit raises all the time.
CLA did a credit raise at 5.5 I think it was and everyone thought the sky was falling bizarre logic and alot people I know panic sold, I got a great second parcel entry there thanks to that.
Everyone hears credit raise and immediately assumes a fall why?? BGS just raised last week shares listed today and it hit an all time high 56cents.
The company the situation, where they raise the money and what they use it for are the things I am concerned about, this credit raise = bad theory, it's wrong.
NZC Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
