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I did not buy or sell on 4 April and have suffered no gain or...

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72 Posts.

5

06/04/22

08:48

Post #: 60676013
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Originally posted by friendlydwarves: ↑

the statement about funding with future cashflow seems…foolish, to say the least.

STA most definitely knew before 4 April that it was going to raise money. No company plans and executes a raise in a day!

but. What’s your loss? Did you buy stock on 4 April in reliance upon that statement? Did you not sell some in reliance upon it? If no, you’ve suffered no loss as a result of that statement, and frankly you might be in a better position as a result of it (if the share price stayed up as a result of it, and the placement was thus at a higher price than it might otherwise have been)

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I did not buy or sell on 4 April and have suffered no gain or loss (but I'll wait until STA comes out of trading halt before commenting further on that). So no personal loss yet.

Retail investors need to object to any suggestions of favouritism toward "sophisticated and professional investors" that results in any actual or perceived disadvantage to retail investors. Ignoring any errors of judgment, accidental or actual, won't help correct behaviour.

STA Price at posting: 48.5¢ Sentiment: Buy Disclosure: Held
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