another placement Red Fox
Same old story, QANTAS must love the guys from BQT, they spend all the shareholders coin on travelling and never close the deal.
I ask you this, as I called the company several times as the stock dropped from 46.5c, and a director was never available, but I left my question 4 times on 4 seperate occasions, why the stock had dropped almost 20%, 30%, 45% and then 50%. NO RESPONSE.
My theory:
Seems to me a few brokers knew a placement at 20c was coming. The stock was trading nicely at 46c
with the market expecting a positive annoncement and then along comes a major seller.
One broking house which sold the stock down last time prior to a placement has been at it again, having sold over 12million shares since the stock hit 46c. They sold it all the way down and participated in selling under 20c.
I ask, how the directors could allow this selling to occur and how the ASX let the copany get away with it.
I also ask how BQT can burn cash so fast.
Just the opinion an aggrevated shareholder.
BQT
bqt solutions limited
