with shares issued at 36 cents, the incentive for a quick sale of their stock isn't prominent, like it was in the last few raisings.
Sure some SI's might have a tactic of flogging off shares straight away for all the cap-raisings they take part in, knowing that they will win most and lose some.
I hope we see these sophisticated investors hold onto their shares, after all they were purchased at only 7% below market price.
Unfortunately, it could however that these SI's expected EKA to rise into the mid 40's, and hence there to be a greater share price buffer for them to sell their shares for a quick buck once they receive their alotment.
EKA Price at posting:
37.0¢ Sentiment: Hold Disclosure: Held
