Will the SP hold up well after 2/1/08 (record date) or will it drift back to around 95 cents??
The good thing is that around third of issued shares are purchased at 95 cents. These holders will be reluctant to sell below 95 cents providing a good floor for the SP. All these holders have big expectations of the SP. Looking at the number of small trades to get access to the SPP it indicates a lot of optimism in the market at the moment - also NMS will raise a lot more than they estimated - one hell of a lot more.
I am thinking the SP may drift back a bit but take off again on the first bit of good news.
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- hope sp holds after 2 jan
hope sp holds after 2 jan
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