Choppoli, i was thinking the other way. The buy depth builds pushing the price up making sure that holders have the confidence to take up their offer.
For me the higher above .40c the easier it will be for me to take up the entitlement as i`m sure it will be for a lot of other holders.
The company obviously has a future but in what time scale?
I was quite happy with the shareprice trending up as it was ( waiting for `blast off`) but the momentum has been interupted and right now i am a bit uncertain about firstly which direction it will head after the placement has been finalised and secondly the time scale it will now take to reach a price.
In my view the share price has been put back 6 months and maybe further if the price heads lower after completion of the offer.
And that is the main reason for my question of what the company would prefer and if there is any pumping at this point to help holders make the decision
D
Add to My Watchlist
What is My Watchlist?