You think they would learn wouldnt you things have been tight as far as the trading has been in the lower range ie between 6c - 7c
Ie no stock available for sale because we had reached a point where the market was in stalemate because no one was parting with the stock and what bit that did come out was being taken up at support levels
So once more they cock up by opening the door to the flippers by setting the record date as the 19th why didnt they set the date in the TH with further details on the SPP to follow
So now for as long as existing shareholders have been here some LT some not so long, this record date opens the door and gives holders that have jumped onboard these last 6 or so days ago for a cheap entry so as can be seen @ $1.5 mil up for grabs, those jumping in these last 6 days could well scale back the true holders cut in the cheap issue, yes at the discretion they could issue more but who will they be issuing them to the genuine believers or the profit takers
Had it been set on the 14th they would have known an over subscription was going into their existing genuine share holders hands
So now we will have to work through the cheap shots ie sell down before moving onwards and upwards and hence we see the sell down today
Who the Fk is advising this board i thought the likes of AF was supposed to be all over this type of thing isnt he supposed to be negotiating any deals that will come our way ( heaven help us i say )
Is this CR in favour of the loyal SH no they have left the door open again for its genuine SH to carry the can ie the burden of the cheap shot profitiers
May not be as big a sell off as the 24c CR but as far as i am concerned they have dropped the ball once more
you may think i am being trivial over such a small amount but things like this give insight into the bigger picture of how they will deal going down the track as a collective
Just my opinion, see it how you see fit
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