The instos and sophies who are taking $6.5m worth of shares know way much more than you and I. They have a good understanding(may have been given some extra info through their broker) of the company's foreseeable future than a usual mom and dad retail investor. Im sure the management have realised their mistakes and I think that they have got heaps in the pipeline for the next 6 to 12 months. They have allocated the $10m SPP for the retailers to able to reward them in the next couple of quarters but of course HC posters dont see that far. They want results in less than a fortnight. I'm pretty sure that if we did have shortfalls in the placement they all will go to the instos and sophies because they have much more patience and knowledge and the usual retailers.
Im fairly sure that the trash talks continue as it has been for a variety of reasons but I'm here for the next 12 months and will reflect as time goes on.
BUD Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held