My thoughts exactly T4PI hold based on the numbers we'd seen for...

My thoughts exactly T4P

I hold based on the numbers we'd seen for the past couple of weeks and I continue to hold - I think the placement price is reasonable and I am holding on for the results from Canada.

The U buy was actually moved up yesterday from $0.021 to $0.023 - as soon as the announcement came through, however - hmmmm.....where did all those bids go? I actually thought the bids were there to prop up the market for some dumping but in hindsight, that didnt really occur. The bids that were on the market at 2.1 and 2.2 took some hits but nothing substantial.

Either which way, the ASX needs to clamp down on this sort of practice. If you or I had a spare $250k and decided to throw a U bid onto the screen, then remove it, we would have our trading accounts stopped with the real possibility of not being able to open another trading account in the ASX. BUT, insto's and brokers can get away with anything and it stinks.

Marchello