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52.0¢ bardoc gold limited

can't be anymore yhan around 5M as Free Float and I think some...

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sck

3,388 Posts.

30/06/16

07:55

Post #: 18156347
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Originally posted by ragingboom ↑

Hopefully ASIC has some teeth and can bring em to account.

It is amazing that existing shareholders were not offered the opportunity to participate in a capital raising. The long term mum and dad investors who have been hit hardest would have been given a chance to redeem losses or at least average down from the previous capital raising of an equivalent Of 45 cents per share. Not giving this opportunity is easily interpreted as not working in the interests of existing shareholders.

The share registry will have relatively few shareholders - my understanding is that approximately 85% of the company is owned by less than ten companies or individuals. With the free float this low, the share price will move sharply as it already has. IE - the share price has doubled in two trading sessions on low volume.

Interesting times ahead.

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can't be anymore yhan around 5M as Free Float and I think some were disposed already...very hard to get a decent parcel

SPI Price at posting: 4.0¢ Sentiment: Buy Disclosure: Held
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