Frankly I was surprised that RHT was able to raise so much considering the share price has been below or hovering around the issue price for such a long time. I don't like it when unissued shares are floating around looking for a home. It generally means if anyone wants a major amount of shares they know they can bide their time. On the flip side, supporting broker may be keen for a pump and dump to get the shares issued. Hard to know really but I look forward to the 3 months getting out the way as its hard to know, other than better than expected sales figures, what will push the price too far up in that time from here. Still think this is a great company in the making but just another example of a totally ballsed up placement attempt which has created uncertainty. Seems to be a lot of them lately in the speculative sector.
RHT Price at posting:
4.3¢ Sentiment: None Disclosure: Held
