I agree with you totally Colquhoun regarding the company getting the cash while they can, tough market out there, but the "perception" created by the timing and the very florid announcement also fully justifies BBB's cynicism. IF one was so inclined, and I certainly am not into "conspiracies", a close analysis of the timing and the wording of relevant announcements, simply does not "look good".
Again, I am a LT holder in this company and happy to remain so and did support the SPP.
However, I have absolutely no doubt that there are hundreds of millions of shares in the hands of those that probably don't even know what the company does, and I anticipate many of those that have not already been sold, to be sold to take advantage of a 30% or even 20% or 10% quick profit and run.
But, "fundamentally" this company is building nicely and only ST punters should be concerned about "market action" for the immediate future.
Look for more good news with high volumes, not the S.P. as, like it or not, there certainly is a huge overhang that will deter new buying and selling will pre-dominate for the foreseeable future.
AKK Price at posting:
1.2¢ Sentiment: Hold Disclosure: Held
