It will take a while for this placement to run through the washing machine whilst the sophisticated investors offload their stock at a quick 10% profit for doing very little.
The more cynical side of me will tell you that the sophisticated investors (broker mates) will be telling their clients (mums & dads) that you've made 10% minus the management fee, so why don't you sell and we'll guide you to the next cap raising opporunity
Until this churns through we'll be sitting sub 50c.
MEO Price at posting:
49.0¢ Sentiment: None Disclosure: Held
