Ann: Altech - Update on Proposed Capital Raise, page-3

I do believe I was right about the oppie.


If I can start making a point.
My best returns have come from companies that are near death and do cap raises. Why? because I get a lot of shares and the high perceived risk means the price is very low. Once they survive and thrive I end up with a lot of shares and make money. the kicker is I have done the work (and felt the pain to get to know the co). I think Galaxy itself is one such.

Conversely some of my worst decisions have been not to dig deep.

For my loyal ATC compatriots, I will endeavour to work out a theoretical price for the oppies by the binomial method once I have a date for the 8c oppies. it involves a calculation of volatility and a appropriate risk free rate to take. it is easier than the black Scholes model for me and within bounds of accuracy. [Unless you guys ask me not to preferring to seek an information edge].

all IMVHO and please DYOR.