G'day da10bagger,I couldn't agree with you more mate.I was...

G'day da10bagger,
I couldn't agree with you more mate.

I was trying to put across the same point of view in 2 other threads yesterday (search benmc to see my last two posts).

If anyone deserved to buy shares at a discount it is the existing SH not the insto's that continually manipulate the market and 'scare' retail investors out of their holdings.

If it was an offer to insto's then why not offer it too them at $0.44 and really put a solid floor under the price that Hanlong paid for their recent 16% purchase. That would have been good for SH as well.

To minestock - I usually like to read your posts however you have completely misunderstood this one. Your comment regarding 'you can now buy at $0.405 if you want too because thats what happens in a CR' is completely the point that has frustrated me. If we (SDL) were in such a good position then why couldn't we raise $60 mil at a more reasonable price eg 3 month moving average? You only discount things that you can't sell.

MrMICKLES72 - can you send me a pair of your 'rose colored glasses' please. I love your ability to see this as an opportunity. I wish I could.

Before anyone things its my 'Sour grapes etc' I will disclose that I purchased my first SDL on 14/5/09 @ $0.135 and 31/8/09 2 $0.185 and have paid as much as $0.57 on 29/12/10 with other purchases in between and since with last being 11/3/11 @ $0.48. The price falling in an open market doesn't worry me but when the management are CAUSING the fall by offering placements at, what in my view is too big a discount, well thats too much for me and i am carefully considering getting out. (and yes at a profit, but I did have much higher targets for this one)

Ben