Ann: Patrys Announces $12.5 Million Rights Issue , page-23

re: Ann: Patrys Announces $12.5 Million Right... A lot of new investors will be burnt now after todays fall in price and considering the volume turn over in the past few days a fair amount of stock will be in the hands of new investors.
Long term I think this stock will do well but for me and many others that have payed more than the current price the share price would have to be closer to 8 cents before I will be participating in the rights issue.
I hope there is some good news on its way to help convince us new holders to put in more money.
I have said it before to myself but I will never be buying a stock again that has already had a run or is going up in price.
Time to do some research and buy the stocks nobody is buying and just sit and wait,you need to buy a few and it takes time,but at least you don't get burnt in just a day or two.