Ann: Placement , page-50

One way to stop a rise in a stock is by doing a placement.

I still believe it was mainly day traders pushing this higher and with this announcement it was always going to do short term damage to those playing with hot money.

My comments posted on H.C after the announcement was that people are screwed.

I am talking about those that were buying at 8c and above which was mainly the activity yesterday.

The argument that money raised is a good thing for the company going forward is perhaps correct but the reason the stock was rising recently was mainly because people had an opportunity to make quick money and exit.

The game for quick money may now be over for the time being.

The next day or so will be interesting to observe.

If those that believe that there has been accumulating going on then there is no reason why that accumulation should not continue.

They just might now accumulate at lower levels.