MEO 0.00% 0.0¢ meo australia limited

charts v2, page-72

  1. 374 Posts.
    lightbulb Created with Sketch. 18
    Well oz
    I would have to disagree about the main cause of selling.
    Even while it was going up into the 60's it was being capped.
    I would say that the cap raising helped bring this stock down, whoever was trying to hold this stock down, and fear entered the stock.
    I have held this stock for 18 months and am still very bullish
    that we will have a great result. I still hold and have increased my holdings.
    Horrible to see this stock manipulated so much, but your dealing with so many small investors that have panicked and have lost.
    The management haven't done any favours with a cap raising right at the wrong time.
    If they had waited for the result and stuck to there belief that there was 12TCF of gas down there they could have cap raised at a reduced rate of $1.00, meaning half the amount dilution or twice the amount raised.
    I don't believe this management has any regard for shareholders, and this cap raising makes me think they really don't have faith in Artimus even though they say they do.
    I will be holding on for the result which I hope is soon and selling out at a descent profit.
    Then saying goodbye
    Good luck to you all
 
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