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27,861 Posts.
3380
23/07/09
10:31
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disgusting that the volume of selling that occured yesterday and the day before.
Now tell me that wasnt insider trading?
You can bet that someone got wind of it.
I've held since 4c, and am out.
Covenant surely triggered, and now with 1.4 bill of asset, has to contiue the sell off.
I still think that it will end up with reasonable NTA, but i think the market will kill it first.
Taking profits while i still can.
I may be wrong, but i think that another 5% off today now that the cat is finallly out of the bag, is just the beginning.
I'll put an order in at 7-8c.
Maybe it'll bounce up without me? Maybe, but they should have been in a trading halt, the last two days, and that stinks.
cheers
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