SSC 0.00% 1.1¢ sultan corporation limited

trading halt?, page-36

  1. 9,543 Posts.
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    I am guessing Khaliqs and DGH are SIs hence they mention "over-subscribed".

    My 2c re SI (pardon the 2c). Companies don't mind SI's selling out as long as the share price goes up. That's where the smart money sells (distributes) stock anyway. What they do mind is SIs destroying the share price by dumping on market for a quick profit.

    Don't quote me on this but placements done by Pattos are usually the worst as their SIs dump on market very quickly which is why for some of the placements they managed in the past, the share price dropped below the placement price very quickly (CEL, EKA).

    Wouldn't be surprised if CR is very close to 2.5c, given that sophs have been given so much advance notice to liquidate their holdings above 2.5c.
 
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