Gents,
naturally wonder,with such a large overhang how long will it take for the underwriters to liquidate the 150m shares and how long they and their clients are willing to hang onto them for.
I'm sure they won't want less than 4c,but may have to take less.Maybe even HAVE TO BUY TO KEEP THE PRICE ABOVE COST,until sentiment changes,or they've passed them on.
Of course some will need out at some stage,for the cash,after all it's only $6m tied up in an illiquid company,with few retail buyers on the books and even fewer who took up the offer.
Very Few buyers at that.Except for minimal market maker bids,i suspect.
If i had any i might be tempted to sell into the underwriters? price support.
DYOR+DYODD
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