On my NAB Trading A/C listed under the News section (Dow Jones Newswires) it is showing dated today two announcement headlines:
First headline: 'Invion Mandates Patersons, Morgans as Joint Lead Managers'
Second headline: 'Invion seeks up to A$5M via Placement Rights Issue @ 2.5 cents/share'.
I am appalled they have chosen a price this low to issue more Shares at - an absolute insult.
Explains the push down on buyers in the queue in the 4c - 5c range recently since all their buddies knew they could sell higher & rebuy shares again at 2.5c...?
This is never a level playing field as they always tell us it is....legal theft again by the big Brokers as per usual.....am angry & disgusted...!
I will only forgive them if IVX has Blockbuster results from their trials & the Shares are up 20 times
this price.
IVX Price at posting:
3.9¢ Sentiment: Hold Disclosure: Held
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(20min delay)