Hi Flocka, yes if one was to take a negative view one could perhaps make that arguement. Now if one wanted to be positive one could argue that the big boys didn't want to get diluted by all the small holders taking up $15000 each at sub 1.5c and their 20% discount.
Or perhaps whoever was doing the shakeout ran out of sellers and people were starting to buy too many shares off them. One never knows I suppose.
I suppose it all depends on what side of the fence one is sitting.
Is it greener on this side?
Ann: Share Purchase Plan Offer Document, page-51
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