Shocking stuff, isnt it, to see how the institutional investors collude and suppress prices for weeks, then force prices up for distribution.
It would half surprise me, now they retail component of the rights failed miserably as designed, if they don't all put buy recommendations out after the fact, and press for imminent credit rating upgrades so they can suck the retail investors back into 'the story' to offload their shares before they start shorting it all over again.
If this was any other industry, the government would be all over the participants for price fixing and anti-trust collusion.
But the instos seem to get away with anything. More so if they are part of the 'untouchables' from overseas.
IOF Price at posting:
49.5¢ Sentiment: None Disclosure: Held
