This is my worry about DUO from here. They have announced they...

This is my worry about DUO from here. They have announced they will be aiming for a consolidation and a rights issue for shareholders AND a placement (presumably for sophis). Let's use consolidated share price of 1 for 5. At the current share price that's a share price of .5c. Now with these placements, and I've been involved in sophi placements before, when there is a combined placement and rights issue, it is almost always the sophi placement that happens first. That's because there is much less red tape and regulatory requirement to get that happening so it CAN happen quicker. So let's assume that's the case. Sophis know this placement is coming. There is no need for them to buy stock right now, in fact, there is an incentive to keep the share price low. So assume they are successful, there may end up being a placement for .4-.5c. But that's great because us shareholders get the same price right? Well yes but problem is the sophis get their shares well before us. Typically that's when the pump happens. Expect announcements at this point somewhere around when sophis have their load of shares. Whilst we're all trying to buy more shares to give us more in the placement and pushing the price up, (how high can we get it, 1c, 1.5c?), the sophis are selling at 100-200% profit. 1c to 1.5c is the old .2-.3c. In this scenario does the company even care if the rights issue is highly successful or not, they already have $1mill from the sophis.

What's important for us, is what happens next once we have our shares? If it's another pump and dump then we're screwed, not just for the losses we currently have but for the new shares we've obtained from the placement. If a solid acquisition occurs from there, then somewhere down the track we will become profitable again, but it has taken such a long time and our profit potential has been reduced somewhat. This is what has always annoyed me most about the markets. It is not a level playing field and these insiders get to make money RISK FREE. This is why they don't often then hang around for further future gains because they just move onto their next you beaut insider deal. If you could double your money consistently within a month or so without risk you'd do the same thing.

For me, the last placement should have been the indicator for an acquisition, but it is clear now that it was just a mates placement. There is now a sentiment issue and investors have been burnt. I hope the above scenario in terms of TIMING of placements and positive announcements does not occur but based on my past experiences I'm not confident it won't. Quite simply, from my own point of view, if this company was 100% and wholly genuine about duty of care for its investors it would have signed an HOA and then announced a placement. Bottom line is, even a .2c placement is a poor effort by this company considering it was 1c less than 6 months ago. Just my view!