$30 Billion Deal, page-1933

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Jasper22

2,317 Posts.

516

09/10/23

16:00

Post #: 70249313
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Originally posted by GiddyYup: ↑

I hear you. I haven't followed the story of RAP in detail but I assume it ended with a Scheme of Arrangement undermining shareholders basic rights? I have written posts about my disgust for SOA arrangements in the past. The poison pill often used to force these through should be outlawed IMO.

Obviously I can't say for sure it isn't happening here. Can only point out the signs that we can look out for to give us a heads up. You are right that its not within our power to stop such things but we can be better positioned to make timely decisions if we understand what might be happening. Good news is that we aren't seeing signs of it yet.

I don't think you, I and many others here look to the market depth when deciding what our expectations are for upcoming results and how that may impact the SP. We only look at the depth because we enjoy watching the balance of our portfolios go up with every fraction of a cent the price increases and we tend to feel like a goal has been scored against us if somebody sells and stops the fun. The general games of the traders, bots, etc are little more than noise. Like flies around the BBQ they are always there when something is cooking. They won't be taking off with our 1kg eye fillets, lobsters or beer though.

I don't know your buy price here but I strongly suspect that you will have the opportunity to walk away with a lot more than you did from RAP if things go well but of coarse this isn't financial advice and we all make our own investment decisions. For clarity this isn't medical advice either.

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Ha ha, nice analogies, got a giggle out of that.
I don't think anything sinister is happening either I just don't like the SP capping we are seeing but that's day trading for you.
I agree that we will all see huge returns if this news is what we expect it to be, I'm at my even buy in at 10.7c, I've been waiting for sometime to get back to even.
Now let this fly!!

BIT Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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