CNN cardia bioplastics limited

Very strange Sugar. Been thinking about it. The market seems to...

  1. 953 Posts.
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    Very strange Sugar. Been thinking about it. The market seems to be saying that the dilution from the capital raising will outweigh any benefits from these forthcoming sales. Not a single buyer interested! Be interesting how it it all comes about but like you say it will speak volumes for the valididty of this information.

    On recent trading, logic says (imo only) that they will use the 5 days between 2 and 2.7c maybe, considering they are out looking for an investor right now if he hasn't already been sured up. If you were an investor currently considering a deal you would be a bit peeved if they ran the price now making you pay a higher price wouldn't you?

    One would think, seeing they said in the report, sales would eventuate this quarter that they are working on deadlines for confidentality agreements for contracts already made. I wouldn't think they are just hoping for a sale to drop out of thin air this month.

    The timing of the capital raising ann and the deadlines (or sales ann) maybe directly correlated for specific
    purposes.

    Bring on an announcement I say and lets see what happens!

    Cheers
    DYOR because mine stinks occassionly.
 
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