I hear a lot of shareholders that are understandable not happy with the latest management delivery. From 4.4c to a 3.5c placement.
I am starting to think that institutional and sophisticated investors(nothing sophisticated about them), are starting to think the same as most of shareholders.
At 3.2 cents now...
They invested $7 million dollars and received 199,468,466 ordinary shares and 99,734,233 EXROB(which they are already dumping on the last days)....
Their shares only entered the market on Monday...4 days ago and they are already 8.57% down! In other words, they invested $7 million dollars which now in only 4 days is worth $ 6.4 million or a loss of almost $600k...
Man this has to be one of the worse investment decisions..... no wonder the dumping on the Options already.....
You would think they have a strong house behind to pump it and then start dumping it at at least 5 cents?
I love how EXR phrases it.... a discount of 20.5% to you my dearest instos and sophos...
Now at 3.2 cents.... Ouch!
I guess they will join in and start wearing Shortzzzzzzz soon
Since Monday they already realised it.... and have started to bid up for the exit doors....
GLTA
T10
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