acq, page-8

I'm still trying to work out whether we've been played.

The 31 July 2017 announcement stated cash outflows in FY18 Q1 for due diligence costs and there were due diligence expenses in the accounts delivered on 28 August 2017, suggesting a deal was in the works. On both occasions, the price was brought down. Since the price action occurred after the announcements, I wouldn't blame management for this.

Was it investors giving up due to no settlement and net losses, or was the price being brought down for accumulation (not that there has been much volume) or to lower the capital raising price, or a combination of these?

If I knew we were being played I'd have bought more than the 10k number of shares that I bought last Thursday.

Enough conspiracy theories for today.