Well that seemed to go over like a lead balloon. However, my...

Well that seemed to go over like a lead balloon.

However, my turn to be the optimist. The 4c came out at 10.30 and the first trade was 3 hours later so maybe the share price is just reflecting continued lack of buyer support and volume and not a response to the 4c itself?

Actually the price finished up on the day at $0.72 with 5 trades on the close. There were only 20 trades in total so the 4c didn't seem to trigger an avalanche/rerate just some bargain hunters getting lucky.

Reading back over the old announcements I realised I'd missed what a sterling job was done getting the 5.1m shares issued for the purchase of half Pure Hacking away at a VWAP of 91.5c on Oct 1. Half are in escrow until Sept 15 and the balance a year later. Just shows how volatile this stock can be.

Some great posts above on the contents of the 4c and the lack of commentary. Thanks all.