Of course not, that's why I said keep some powder for after the...

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AlCp

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25/11/19

14:36

Post #: 41616604
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Originally posted by Galilee13 ↑

Did current shareholders really think they could buy stock in SPP at 10c and sell it at a 40 to 50% profit? Made a quick $15k on the SPP.

Did current shareholders really think that the share price would trade at a significant premium to the issue price of 10c after 2 billon (2,000,000,000) shares were issued?

This is not a must have stock. It's not some new tech with massive growth. The company will continue to shrink as more stores close and business units are closed. It's not a yield stock. The industry is facing some of the toughest times of late. So best case it's a deep deep value turn around play with significant risk that will take significant time.

Here's a theory. The underwriters will be paid some $14m. which before the recap is around 50% of current equity. The underwriters could have easily supported the share price by buying a few million dollars worth of stock to keep the share price in the mid teens to ensure the placement and SPP get done. They take a big loss on the stock they have bought as they sell it back into the market but overall have still make a killing. Looks like retail and current shareholders get screwed.

Will be interesting to see how this trades next week when an additional 2 billion shares hit the market. AIMO

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Of course not, that's why I said keep some powder for after the SPP but someone is scooping this very good volume sell down.....

RFG Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.9¢		Change 0.002(2.60%)		Mkt cap ! $194.0M

Open	High	Low	Value	Volume
7.8¢	8.2¢	7.7¢	$2.475M	31.02M

Buyers (Bids)

No.	Vol.	Price($)
1	57848	7.9¢

Sellers (Offers)

Price($)	Vol.	No.
8.0¢	575955	2

View Market Depth

No.	Vol.	Price($)
1	57848	0.079
5	346617	0.078
4	217583	0.077
6	333696	0.076
2	1014238	0.075

Price($)	Vol.	No.
0.080	575955	2
0.081	1950000	3
0.082	173681	3
0.083	316649	4
0.084	1151121	5

Last trade - 16.10pm 25/06/2024 (20 minute delay)

RFG (ASX) Chart

Of course not, that's why I said keep some powder for after the...

Sun Silver submits US$60M Silver Paste Funding Application to US DoE

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Time for retail therapy buying in the shopping Scentre for hot stocks

End of FY is a time to juggle wins, losses and capital gains taxes

Eurozone-based companies find new ways to secure a regional lithium supply

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Of course not, that's why I said keep some powder for after the...

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Sun Silver submits US$60M Silver Paste Funding Application to US DoE

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Time for retail therapy buying in the shopping Scentre for hot stocks

End of FY is a time to juggle wins, losses and capital gains taxes

Eurozone-based companies find new ways to secure a regional lithium supply

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