mate have you ever walked 5km and imaging that type of...

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Sk1nman

4,702 Posts.

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21/01/22

22:09

Post #: 59053662
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Originally posted by saltbus: ↑

I actually sold a few today at 1 cent, as I can't afford to convert all th options I have.
I was travelling to my farm, stinken hot and hard to use the phone. Saw a lot sold at 1 cent so I knew mine had sold. Then there were new announcements and the price crashed.
only just caught up on jobs and tried to read the announcements which were beyond stupid.

Some sort of issue, 3. Cents per share, 1,000 shares each, says cost the company $4,000 and it will come out of their revenue. What !!!!
The Trouble with letting accountants near anything that is going OK for twenty minutes.

Pages of stuff. Who has time to read all that junk. Then they issued a correction to say , I don't know what they actually wanted to say but it seem to indicate that we should ignore the announcements and keep buying as they were just having some accountancy fun times or something.

So , OK I should go and buy those 200,000 at .7 of a cent that was sitting there. But they were gone and the .8 cent pile was also snazzled.

A lot of disruption for no point.

Wasthe webinar any good.

Saltbus

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mate have you ever walked 5km and imaging that type of strike...(sorry mode it’s just me having a joke so hope you don’t take it as a dig..)

seriously nothing to worry about with all that today. ( none Sk1nman likers fall on floor as he posts something positive)

If you have a look what Mike has posted it’s just the formality of a cleansing notice that was required due to extended trading halt early in the year for bull (I think?)

Anyway it just means that some options were converted following that statutory announcement to comply with listing rules.

1c a decent price for options given the recent lows so should be happy I sold some at .2 .3 etc etc earlier in the week and last week. I think a lot are selling heads to convert so if you are short on funds and hold heads worth pulling out the calculator and doing the numbers!

good luck.

Last edited by Sk1nman: 21/01/22

TNR Price at posting: 3.3¢ Sentiment: Sell Disclosure: Held
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