It is the classic case of strike while the iron is hot. They have interest in their upcoming drill, we are getting close to Christmas and you might as well get the money while the money while you can. Matters no, if you need it or not at this juncture.
Prior to joining MEO, Jurgen was a broker. He more than anyone knows the story when it comes to raising capital. He is hedging his bet against a failure, can't blame him for that. I just entered MEO about two weeks ago, and I can't say I am excited about a capital raising, but no sense crying over spilt milk, price is likely to be depressed (like me) until results of drill are known.
OS
MEO Price at posting:
58.5¢ Sentiment: Hold Disclosure: Held
