placement impact

Placement impact

The directors of MEO short changed long-term retail holders when they made the placement exclusive to the big end of town.

The mates of mates don’t give a cahoot in the company, they have loyalty only to their pockets. That is there job.

The MEO board considered to let shareholders in with a SPP as well as a placement, but decided to stuff the small shareholders. Retail holders are diluted, so what?

Are we seeing MEO paying the price now for there strategic error?
No positive follow up announcement post placement, just a sliding timeline.
Falling sp and mates of mates are selling out for a quick buck.
Stop losses are being hit.
The possibility of the MEO’s sp heading below placement price is real because of this.
Great financial management. Poo.

Looking at the Daily Gross Short Sales report there are those taking a punt on a lower sp. !!