madness, page-11

Shane , i watch the way a companies shares trade , & recognise as a bad sign a pattern or process of continual capital raisings at ever declining share prices .So far i've been right on the money .if you think it's a turnaround (for the reasons you outline) good for you .But for me the market is not saying this , else they would be loading to the hilt at a cent or even 2 on the rights , after having sold the shares at 4.5-5c , you can virtually have what they want with the rights at present. I think 3.7c post issue is likely. I just hope this is not another instance of a capital raising - just before admin -which is precisely what happened with VRE.The way I see it, it's not trading like a recovery story .Remember a little while ago , the punters where averaging down like crazy - but it sure looked like there were a lot of sellers in the know