My question is: How do you come up with a $2 share placement. Any hints for this valuation ?
The shorters (likely big boys) shorted below $1.2 with large volume. They better start recovering now if your $2 placement is for real...
"My view is that there will be a number of positive announcements prior to the delisting on ASX which should push up the S/P and so allow PB to ask new S/Hs to pay $2+ for the new shares which could be 50M max. I didn't hear any negative comments/questions at the meeting."
LNC Price at posting:
$1.40 Sentiment: None Disclosure: Held