shakeout not over, page-54

Tomorrow will be critical. If the underwriters do not support the sp it will mean they will be sellers cutting their losses.

I still think that it should be trading 40c plus, but now feel that if there is no support Tomorrow (the closing date for retail being next Tuesday) I could buy at 22.5c next week (serious)

The retail investors have really been done in on the cap raising. There was a negative story written in the Heraldsun by Terry McCrann predicting this on the 18th of August. At the time I thought he was mad for writing it. Now it has come true. Wish I took notice.

http://www.news.com.au/heraldsun/story/0,21985,25943433-36281,00.html?from=public_rss

Extract quote:

"That's close to a first. A company ripping off its shareholders and expecting them to be stupid at the same time."