>>It seems to me they don't care about the share price. Haven't for a little while. I tried to contact them during the rights issue. Had just started looking at it. (Missed the cut off for rights unfortunately). I said if I could talk to someone I could help out with the success of the issue by buying a few hundred thousand dollars worth. At that time the shares were around the 70 cent underwrite threshold and volumes were low, 50,000 shares a day or so from memory. I thought they would be interested to talk to me but no response. <<
Yes I tried for the same deal and ordered an extra holding on top of what I was entitled too. Yet wished for a larger off market deal of a very good sum yet no interest. So I figured they so very confident that they do not need our money. Just 6 of us offered to fund their needs at that time.
They are not wishing to talk to traders and retail holders anymore as they suck up all the time for a quick gain...they are here for years not weeks. So I understand why the have given up on replying to retail investors, as they can get bigger players to put in millions whilst retailers put in thousands for the less effort.
I know what I prefer to do when trying to raise capital... why spend time on small timers like us when your time better spend on big players and get cashed up in a couple of lots. Not thousands of separate lots.
Personally I think they have given value to retailers with Oppies and Heads for good value in the money.
Yet all keep complaining... this is a risky play and you will gain in a year or 2, not overnight. IMO. So Suck it UP.
Cheers....
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