Hi Dan, Where did I mention anything about the t40 in my post? I did mention the complete lack of buying today after Andrew's Investment presentation.
I am sure many of the T40 have already reached their limits, you only need to look back at the "priced to Sell" capital raising to see many of these shareholders weren't willing to reach into their pockets when the company needed them most, since then I don't believe any of these investors have added to their investment. I guess it might be seen as a positive they are not selling, but we all know how quickly things can change if things don't go as expected.
Anyway, If you consider WKT is on the cusp of launching another CR, I can see WKT would be reluctant to go with another SPP when the last one nearly failed.
Anyway, why do you think the 95% of investors who thought WKT was a buy yesterday after watching the presentation weren't willing to buy into WKT today? Do you think these investors have already got their fill or don't have any funds to invest? Yes, it seems nonsensical, doesn't it?
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