Dalts, a RI means asking sh, not outside instos. Pretty sure retail, me included, would have participated in a 4c 1 for 10 or 5 RI. That would reflect the fantastic GBM data. But by knowing that retail won't accept this 2.8c when underwritten by Bell Potter means he has designed it for himself and his mates.
The only hope I had for today and tomorrow is that he treid to leave the door open for a big guy to become a holder and to snap up 2.8c shares. But so far nobody in sight.
Anyway, already sold a few today. There are many other beaten down stocks where I will shift funds into, that way still a lot of opportunities to recover some of the losses.
All the best to you, sadly a crappy ending caused by the chair.
CHM Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
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