At this stage yes I will take up the offer as I see it as the only way to recover any of my investment. If it is well supported then they will raise an additional 5million which makes me think that Hartley's and Morgan's are expecting a good turn around short term and don't want to miss out on making some easy money. Wouldn't you think If the risk is too high that they would just be glad they didn't have to underwrite any of it and rely on us retail. Instead the prospectus seems to suggest that they will raise the additional funds to the tune of an extra $5million if we'll supported. I'm hoping this is an indication of them knowing something we don't obviously and hence we are trading at 1.5cents now as they try and mop up any sellers in case they don't get their fill. My opinion, don't take it as investment advice.
BLK Price at posting:
1.5¢ Sentiment: Hold Disclosure: Held