SOC 0.00% 10.0¢ soco corporation ltd

5.6% substantial holder @ 18c per share, page-8

  1. 23,919 Posts.
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    D&C

    Agree entirely and a very nice viewpoint from you on things as always

    The lack of free float has always been a hindrance to anyone trying to build a large position, so I have for long said this is the only way for someone to get set, other than through a CR

    Agree they are here for the longer term and not a trade, however, generally when someone comes on as a substantial holder they don't tend to appreciate the shareprice being 10-15% lower within a few days

    A paltry buy of less than $50k would have the stock back to their entry price and should see it become support and floor price, around 18-20c - IMO they will spend the additonal cash to make this happen

 
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