STX 2.78% 17.5¢ strike energy limited

Ann: Share Purchase Plan Closure, page-48

  1. 1,909 Posts.
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    Gotta look back and laugh that when the CR was announced a couple of weeks back when we were at 37 or 38c at the time, and old mate and his buddies (their names weren't memorable enough to remember) who have never posted on STX forum before came out and continuley slammed the company and management about what a shocking thing they did and how the SP was gunna plummet (disclosure: i did think it would go back to 30 or close to it as well) and how his chart told him to sell days prior blah blah blah... interesting that we haven't heard from them since....
    even if the SP does drop back a bit once the shares from the SPP are allocated and sold for a small profit, the fact is today we stand back at 37.5c and the old belief that a CR and SPP will kill the SP no longer holds water when the stock in question is good enough or has potential to go against the norm.

    go STX

 
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