floor at 55c..., page-2

Sommerville look at it this way. The placement was oversubscribed about 5 times @ 55c therefore on average investor/instos only got 20% of what they wanted. Therefore your belief that 55c should form a base has good merit as the other 80% of desired shares from the placement will have to be bought on market at this stage. If the opportunity comes that the instos can get them at 55c I see no reason why the wouldnt snap them up quick smart.

SLE