Why on earth would anyone be selling at this point in time? As RAW points out, there will be buying coming in from those wishing to participate in the rights issue, hence, one would feel the share price could rise quickly from these levels.
I have to congratulate management on raising the capital via a rights issue, rewarding both long and short term holders.
Appears a few maybe selling of options to possibly cover funds required for rights issue. Good buying at 3c. I think the options should be trading in the 4c region, and given how hard they are to pick up, one would expect to pay some sort of premium for them.
Noggie
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Why on earth would anyone be selling at this point in time? As...
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