Hi SSV just a theory to pass the time. Every stock that i have seen make a placement the sp falls straight to around that level. Now i know that this is slightly different but to me the basics are the same. If you didnt read hotcopper and maybe were a trader thinking the cap raise was more than likely over especially in this market to see them then go ahead a place more at 1 cent you might think geez i have no idea who they sold stake to and they might try and slowly sell out for a profit so i better get in first. Then all of a sudden the sp is back to placement levels which is basically where we have touched today.
Just a theory for discussion guys and i am more than happy with the the placement especially if it to we think it is.
SBN Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held