So we closed yesterday in the mid 8s and we opened today at 5.8. Why would you accept such a loss? That equates to the equivalent of $120 odd grand being sold in one hit on open. Looks like someone may have taken a big holding and needed to move cash in to another stock and was willing to take the loss after waiting (forever) for positive news.
We aint seen nothing yet...I guess we were only 60% away from witnessing it though.
This will bounce and hopefully we will receive some further clarification from management.
My arse honestly fell out when I saw the share price. Unbelievable.
Cheerio,
sw3
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disappointing, page-72
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