ok - so will change my disclosure now I am in - was not unexpected that I would get them at 0.02c but didnt quite expect to get them this quickly.
So now it is up to management to produce the contracts and get this business profitable as quickly as possible so as not to have to use all of the loanable funds available to them.
Still seems rediculously low risk in the short to medium term. It just needs to be remembered that La Jolla will convert asap after drawdown and as such will sell on market quickly and pull any gains in the sp back.
But what is the downside risk from here??? And huge % gains are possible.
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ok - so will change my disclosure now I am in - was not...
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