GGP 0.00% 0.6¢ golden gate petroleum ltd

management won't listen, page-23

  1. 1,720 Posts.
    In the investor presentation the wording used was:

    "Future Rights Issue / Placement"

    So now how many of the smaller investors hold enough cash that they are willing to take up their full entitlement, that is even if they wish to place more of their hard earned into GGP, it may be over-weighting their portfolio in this company or in this market segment.

    If these people who are entitled to take up their share of a future rights issue, don't, then who do these unplaced shares go to?

    To the lay investor who may oversubscribe or to the likes of Novus?

    A few curly questions, unknowns like this keep the SP pegged and even lower it.

    I have changed my sentiment to hold from a buy since notified of a CR.

    Look at the market depth and lose the ridiculous bids at 0.001 which totals 19mil and the ratio of buy/sell is then 83mil/112mil

    Market so unimpressed with what should have been a bonanza day for holders.

    Once again management take note of what the market is telling you here.
 
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