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0.4¢ 9 spokes international limited

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baldynumbers

3,887 Posts.

409

11/08/22

08:43

Post #: 63046560
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Originally posted by WonderDog: ↑

@baldynumbers, You are correct that Alium Alpha only put in an extra $16,735 but I still think its a positive sign.

Alium are specialist technology investors so they understand what they are doing. They are patient. Not out to make a quick buck.

They must have done their due diligence and liked what they saw. Yes, its only $16K but you don't willingly throw $16K into a dumpster fire.

They hold 12% of the shares on issue. Their stake is currently worth $670K even at the woeful last traded price. I expect these guys have much more skin in the game than ANYONE commenting on Hot Copper.

Yes, it would have been better if Alium subscribed for $250K of shares but some is better than none.

We do agree on one thing... It will be interesting to work out who bought the rest of the $1.1M.

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Sorry if this was originally posted to you... but have you actually looked at Allium... and the stocks they hold? Notice how 9SP isn't listed on their website anywhere?

I am quite certain Allium have done very well out of 9SP (much more than the capital invested) as a share they have manipulated price and profited on shorting... IMO - they are not holding 9SP for the long term potential, but ST arbitrage (which is one of their stated fund roles
9SP Price at posting: 0.4¢ Sentiment: Sell Disclosure: Held
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