EKA eureka energy limited
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cheap spp shares hitting the market

  1. sushi1
    6,389 Posts.
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    16/04/10
    11:29
    Post #: 6581820
    Looks like the cheap SPP shares are hitting the market and driving down the price of EKA.

    As I haven't been allocated my shares yet that must mean these are underwriter shares from the shortfall probably hitting the market.

    Way to go EKA management and BOD: not only has EKA not benefited from the run up in price like the other two JV parties we now get hit even more.

    Raise funds and then see the total market cap value of the company lower than before even with the added shares to the float!!!



    EKA Price at posting: 10.7¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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