Hi
@Bundy_TooI thought I would respond to your post below on this new thread.
WAY 2 VAT LTD. (ASX:W2V) - Ann: Capital Raising Presentation, 72702382, page-49 - HotCopper | ASX Share Prices, Stock Market & Share Trading ForumYou're right mate, I see your point, that's my mistake.
You could be onto something, but then again, this wouldn't be the first ASX listed company to be a
"leaky ship". But this is just speculation on our part. This also wouldn't be the first company to produce a spectacular ann right before a CR, it happens all the time on the ASX. I've personally seen it a few times myself.
Another analogy might work well here.
Ignorance is bliss?
Anyway, if investors did sell above 3 cents to buy in lower, that might create a base for the SP, it would explain the small soak yesterday around 1.9 - 2 cents. There was a much larger soak today as most of today's volume went through at 2 cents. So, in a way, it's bittersweet I guess, the cashed-up investors selling above 3 cents could buy back in & create a base around 2 cents. But, like I've said in the past, I don't like to focus on the SP too much.
Mate, if we all had 20-20 hindsight, a lot of us would be millionaires, I know I would be. I first heard about Bitcoin when it was trading around 5-10 cents.
I guess there's not much we can do about it now.
Will you take up your entitlements in the SPP? I'm interested to see how this one goes. If there's an oversubscribed SPP, with a cashed-up W2V & a 2 cent base to launch from, it could make the events of the last week or two insignificant in retrospect.
(20min delay)