The SP surged hugely just before the initial placement to the Sophies was announced.
No doubt pumped by those close to the raising to allow them to off load at a nice profit.
This weeks aggressive selldown appears to be a pretty good anticipation of todays announcement... (almost like the sellers knew what was in it before the rest of us)!?
And the mug small holders who went for the SP at 8c.... got proverbially shafted...
The same price that was a bargain for Sophies..... was a rort for the small guys.
As a holder with a long term view on this..... I sure would like to see management keep a much tighter handle on price sensitive info.
I don't doubt their integrity.... but the results are what really count.
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