catch the knife

Bought some more on way down. Now 1.385. Ouch again.

Me been thinking. What if STO is Dead Dead.

That means 1.44 is max valuation. AGL are cash strapped and need to make no further offer.That offer is highly conditional anyway. ie only some shares to be exchanged at 1.44.

This company has huge long term potential but short term we may see further falls. I thinks i'm going to sell all today and cut my losses.

Buy in at lower levels.

This is my opinion only and not advice.

Good luck to holders but i'm out of here.