I know it's good for the long term health fisho - as we have another 2 million in the kitty.
I'm just not very happy if the placement getter sold 2 million shares yesterday, knowing they were getting them back for 23.8c.......
It's just a corporate manoeuvre that teefer has spoken about before as being one of the more unpleasant ways of seeing a placement.
Please don't think I'm rubbishing CVI either - a lot of companies do this kind of deal.
Probably just peed off becasue I topped up heads and oppies at yesterdays highs!!
I didn't expect to see the price trashed with news coming out in the very near future.
You would normally expect to se the price rising in anticipation of an ann.
Dummy spit will get forgotten - but being selective of WHO gets these placements should be important on Smyths list.
If it's a Ferryman, then I'm happy - and will go back to my earlier theory that yesterdays selling was T3 selling on no news, taking some stop losses with it.
I guess we'll never know.
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