Were Retail Investors sacrificed ?
While Coby was inspiring RI with roadshows/presentations about all the imminent success and consequently overheating the share price, he was working on a deal with Institutions that were valuing the company at a $5 SP. Some entities then capitalized on that and made a motza.
And when I talk about Institutions I mean a select few that were in on it. Obviously the index funds are way out of the money now. $9.03 to $4.89 in 2 weeks.
Why in your right mind would you invest in the market when the gains are all effectively made off market.
I would expect the SP to recover over the next year I wont be buying more. I expected better.
Ann: Weebit successfully completes A$45mil underwritten Placement, page-27
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