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04/10/17
18:37
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Originally posted by Fastha
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I’m not in this to score points, I’m in this to make money. But Speaking of points- My point is that it’s a rediculous price to be Issueing shares , especially with a free option that they can excersize and dump on market for 30+% profit and a 100% profit for the initial share itself. You see , my main point is that’s it’s stupid things like this and directors selling for 15+c that have stopped the sp from running higher into the 20s. Raising money at a 20% discount to the 10 day VWAP at 20+c (or whatever it may be) is much better for dilution than the current gift to sophs. Do you see where I’m coming from?
On a side note, good to see the sp rising. I’m sure we can both agree on that, hopefully all the way to 20c+
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Mate, I agree the soph issue was not necessary, given that Huayou took $13m worth. It was the issue of selling them on market we were discussing. We're both holding a winner, so no issues from me.