Have noticed there has been some very large buying go through the past week or so including this morning seeing the .008 line wiped & continuous buying at that level currently with a nibble into .009 as I type this
The directors took up massive amounts of stock in the recent rights issue to add to there already large holdings. For them to even contemplate making an exit from these large positions @ a profit, they will need a series of serious liquidity events (in the form most probably of good announcements if they can get things to work for them)
Once again all those who said they wouldn’t bother to open the envelope of the rights issue unless they ran out of toilet paper have been found with faeces on there faces.
CHP Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
