Excellent post. I particularly like the last paragraph, as I woke up thinking similar. If $5.50 odd was considered a reasonable equity raise price, you'd think ithe share price would at least hold that. $5.50 being likely a minus 20-30% of the real value at this point in time? $3.50 was a general support level prior to this acquisition. So if the company was worth $3.50 as an Australian player, what's it really worth now? Very rudimentary TA, and not advice. All IMHO - DYOR.
$10 Party, page-787
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