Couldn’t agree more. These announcements normally come just after a SPP announcement. They normally get the SP higher then the retailers take up the SPP thinking it’s a deal. Then when the dust settles the SP goes down. This time without the rebound on this announcement they will even have trouble raising the petty cash that they need. These fluffy announcements don’t work anymore. Even after the SPP there could be further dilution if the options are exercised at 55c and 70c. So will the SP go much higher than this? I doubt it.
4DX Price at posting:
42.0¢ Sentiment: Sell Disclosure: Held
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