capital raising & thorney holdings, page-4

They have stated they want the money for working capital. As a business grows the money tied up due to timining of payments between debtors and creditors grows - as a result they have more money tied up in the business. This is called working capital.

This to me is a good sign as it supports the case that MPH's business is going ballisitic.

I have sold my oppies - couldnt resist 90% profit..... I saw the announcement as strength to sell into.

But have held my fully paids for my super fund.

I guess market reaction is the best guide. Large placement at 38 cents when the market price is 45 cents.....

And the price goes up!

Normally this dilution affects is a negative on the share price however the market has seen the Thorney holding entry as so positive it has kicked the price upwards.

I think I will switch my spec money to BKR now. Still trading on a low P/E and rising with a bullet.

acturtle