Block 9 $13.5 Billion for 20 years, page-135

The problem with capital raises is most of the brokers in this area have a pool of wealthy private investors who are only looking for a quick 10% profit on each raising they participate in. If they participate in 7 capital raisings in a year with a quick 10% gain on each with the effects of compounding returns they can double their money in a 12 month period. Quick in and out and roll the funds over to the next decent CR. This has a tendency to drive the share price of a company down to the CR price despite its prospects. Happened recently with Carnaby trading at $1.70 and CR at $1.30 Shareprice now finding it difficult to move above $1.30.Happened with Deg CR at $1.20 when the shareprice had just hit $1.60. Happens about 8 out of 10 times with smaller companies imo. I sold Mayo this morning (should have sold Friday morning on peak hype) because I see the shareprice drifting down towards 12c and the options down towards 9c. Initial Mayo purchase was at 5.2c.