Good thread charry!!
On a more serious note - I don't pretend to be able to work out what is happening here - but my theory is that part is market sentiment overall from the massive USA drop on Friday - then stops get hit and panic sets in.
More than anything though - because the announcement last week didn't put a figure on what they (NEO) are intending to charge for a share in the capital raising, and have clearly said they will wait until closer to Feb 16th - it means none of us can truly work out our finances - and the lower the heads are, the lower the cap raising price is likely to be. I'm guessing this is part of the overall picture. They can't sell a cap raising at .04 if the trading price has dropped to .03 or below.
The lower the price, in effect, the better off the oppie holders will be, as the cap raising is being offered to them first and the price should be nice and low - with time to get the free attaching option up and in good profit.
Can anyone throw any better light on it?
(PS - please no open flames in charry's undies!!)
NEO
nuenco nl
