given the prevailing share price, it is a no brainer, dong wei xu will get his quota and it is likely that the SP will dip below the 2.8c mark ... just shows you how difficult it is to resurrect/repair the creditability once it is damaged and this market will punish any delay and uncertainty ... the smart money would have left when Frank reduced his holdings in June
disclosure: letting my holding dilute, not taking up my rights in the hope of averaging down at a lower price ... the company is not going to go bust but the sentiment on the company right now is extremely bearish ... the share price is a reflection of such ... as a point of reference, i previously held a parcel in LOM and the company was trying to raise funds at 1c, lot of negativity at the time, SP went down to 0.7c post raising ... but in the wash-up, it went to 1.8c after a string of good announcements ... it is all about the timing when it comes to averaging down ... the smart money will come back when the value appears again
VAN Price at posting:
2.8¢ Sentiment: Hold Disclosure: Held
