i think they were initially conservative..., page-104

cfp...

Go to the top of the thread and read my views on the discovery...these have not changed.

But...after the whole placement fiasco...and associated market shenanigans...this will never be an investment for me now...just a trade!

And this is my point...many in the market will hold the same view now...because it has reached a point where the vast majority have simply had enough of this sort of thing going on.

Those behind such plays do not realise they are gradually undoing the fabic of the market with this sort of thing...retailers are leaving in droves, so who will they fleece next time?

Pretty soon they will only have each other to feed on...won't that be fun to watch.

Here is an alternative...what if the stock had not been interfered with (ie manipulated via a staged sell-down), and the placement was done at say 10c...then results released...the stock would easily support a 15c share price (albeit somewhat supported as it was on Friday)...point being, the SI's get their scalp and the retailers are not left holding major losses.

The SI's can then pump their profits into the next play thing and the retailers get to place some profit into another stock...which also rises due to the buying.

The wider market benefits.

As it is, the current process is designed to slide money out of the hands of the retail market into the hands of the SI's.

Let me ask you this simple question...if the SI's did in fact dump a heap of their stock in RXL yesterday...who do you think bought it?

Case rests.

Cheers!