they have agreed to underwrite options and knew well before they would/could not due to sp
they were trying to find subunderwriters, I certainly know of one, and have failed miserably.
The directors running the company refuse to keep shareholders up to date properly, just giving the company line.
Then they wonder why no one will take up their options or exercise them
it was no surprise at all that the listing has come just after options expired. They have no thought at all for Australian shareholders and the lack of support is showing.,
Why would Cunningham and subbies buy shares for 25 cents when the sp is lower.
Of course now if they need money Cunninghams will work on a lower placement price.
let's see what the reaction is tomorrow and the next few weeks knowing what Cunninghams will be after.
WCU Price at posting:
22.0¢ Sentiment: Sell Disclosure: Not Held
