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3,367 Posts.
623
29/10/20
10:17
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Say you took 1,000,000 shares at 5.5c - $55K.
You'd have 1,000,000 ICG - $50K (at 5c)
300,000 ICGOB - $2.7K (at 0.9c)
300,000 ICGOC - $2.1K (at 0.7c)
Total value $54.8K.
Why on earth would you take an SPP, have your funds locked up for 3 weeks to exit on day 1 for no profit.
Even worse people selling at 4.8c are incurring a loss for their efforts.
Retail holders really have no idea when it comes to the market.
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