Also declined SPP in the same manner. Once SPP is completed the sp should bounce back but when it gets to 15c+ a lot of ppl will be tempted to offload their holdings and take their profit, then re-enter after some waiting game. And then there is the 31 May escrowed shares flooding the market. Since these big boys have invested their money when sp was very low, even at 10c, they will be making millions. The big boys (the whales) might offload their shares to trigger short losses and suck everything back in at low, then they will own more shares. So far, this was the usual story for many Aust. Spec shares. Holding tiny number of shares, but only hoping that the market will treat SAS differently. Only the time will tell.
SAS Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
