The CR was designed to fail via the unprecedented 50% plunge after good news.
What retail holder says, "several commercialisations pending?? hmmm, i think i'll dump this.?"
What retailer has 40m to scuttle the sheep ? NONE.? So who was it? !!
Then we have 100m swap go through yesterday at 0.8
If there wasnt a buyer lined up, the volume would have knocked this to new lows.
But there are retailers who are caught in the price pressure fearing the worst who are exiting. Collateral damage.
Given the appointment of AB, i reckon we will have a chinese strategic investor take the 10% of the company, that retailers were robbed of.
WHo would have taken up their rights if any genuine sellers were at the 1.3cr threshold, as is normally the case with a CR pull back?
So conspiracy says - news flow expects the shortfall to be placed to a chinese connection. WHat happens when the placement is made at 1.3c, a premium to the current price? Some confidence return?
If it raises the money, and gets deals moving, ho hum i guess.
TV2 Price at posting:
0.7¢ Sentiment: None Disclosure: Held
