What of the $2M "strategic" placement at (what was it?) 32 cents with the Chinese outfit AutoBio?
Last time I checked Chinese were generally pretty canny investors. Why would they agree to hand over $2M for X shares @ 33c a pop 2H last year if they didn't think it worth it? Would they have had any inkling I wonder that they could buy on market for 19.5c?
I've read BB say the market cap should more "naturally" be around a level that would mathematically suggest an SP, with 140M shares on issue, of 26c.
So why are we at 19.5c and struggling to get over 21c?
