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09:45
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Originally posted by Fitzyyy:
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The kick in the guts is who we've gone to for the CR. Not sure if everyone remembers, but Euroz Hartleys funded the Morilla purchase and have been a plague on our growth ever since. Since the purchase (October/November 20) till about February/March they had been the biggest seller, deliberately capping our growth. When the second "coup" transpired, they immediately dropped their entire position ($7 million if I remember right) and sent us tumbling back into the mid 30s. Finally when we're clear of them and into the 40s and 50s, when they'd of had to dig deep to reacquire their position, "realising shareholder wealth" along the way, we give them a 10% odd discount and back in with millions of units so they can pull that same crap all over again. We've all harped on about the importance of securing solid financial backing, strong instos that want to hold a position long term. Euroz is not it. Despite publicly stating a SP target of double what we're sitting at currently, they will unload for a few pips profit as it realises wealth for their clients.
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I think this is how the majority here feel. We will have a wall of 117m shares to fight against, and they get them at 40c, then my guess is 50c will be offload figure, and how do we absorb 117m shares and how can we realistically say that the board can genuinely mention shareholder wealth and mean us!
