E25 9.52% 23.0¢ element 25 limited

good strategy perhaps

  1. 173 Posts.
    Actually not sure if its luck or good strategy by MZM but seems the only person who are taking the punishment is the underwriter at the moment. With shares plunging well below $0.20 and we got some suckers buying them at $0.20 placement, oh well.... guess it luck. They are at the wrong place at the wrong time. With $2M to $3M secured at times like this, i think we are in a bit of luck here.....
 
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