Easy to do the numbers for yourself.
Currently trading at 50 cents
Sold shares at 4 dollars on information the class action claims was false and mgmt knew more information they didn't disclose.
So 25 million times the difference is 25*3.5 dollars that'll get you 87.5 million just on the 100 million raised.
Now you are going to try argue with me it'll be less than 100 million?
Ah no.
If you then add up what people have bought and sold in the lead up prior to the AFR revealing the truth you have your numbers. Well in excess of 100 million. But then it needs to be something the law firms can get. And they'll be aiming for every single cent in the coffers because the investors want their money back just like the retailer's.
GSW Price at posting:
50.5¢ Sentiment: Sell Disclosure: Not Held
