SBN 0.00% 0.0¢ sun biomedical limited

Congratulations on your 'trophy' gsw. Well deserved of course....

  1. 13,539 Posts.
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    Congratulations on your 'trophy' gsw. Well deserved of course. I'm just hoping the colour is a good omen!

    Wish I knew some 'huge shareholders' like you do gsw. I reckon they would have some insights that mere mortals like us could only dream about!

    Not entirely convinced about the point you are making. Sure, 1.3c is a profit on the rights issue. But most who took up rights were previous holders who are more focussed on their 'break-even' points (2 to 3c) than their 'profits' on the rights.

    Of course, there are a few underwriters to the issue without previous holdings - but these have probably accounted for a fair bit of the selling over the past few weeks. But probably some left - so point taken.
 
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