spoke to company today, they told me they were concerned that because of the fall in share price they were concerned that alot of shareholders would not take up there placement, so they are adjusting the placement price DOWN to make it more attractive, dont know what price it will be as they couldnt say, but i would think whatever price it is the sp will get to that point,i guess if your in for the long haul you may get to average down, but the uncertainty this will create means you probaly wont have to participate in the SPP youll probaly be able to pick them up below the placement price,i really dont know why they would do it as i questioned had the underwriter pulle out and she said no.funnily enough the office is now closed for the chrissy break and lorry wasnt available today,something is not right here why wuoldnt they shop around to brokers who have been buying lately (bells) to get them to pick up some shortfall, it dosent make sense!!
STB Price at posting:
$1.03 Sentiment: Hold Disclosure: Held
