general consensus, page-5

  1. 13,335 Posts.
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    Well it looks like they did a broker presentation today so we could see some buying from that lot. There could also be some more buying from overseas (I hope). One thing we can be pretty certain of is that there should be no selling from the participants of that $55.5m funding. How often do we see a cap raising followed by a sell-off?

    I do think that we will get some selling from frustrated shareholders, especially if the sp doesn't head north soon after re-listing. Mind you, there had been ample opportunities for people to exit this stock pre-consolidation.

    My guess for the short term is that trading will be somewhere in the range of +/- 20 cents of the placement price, i.e. 90c to $1.30.

    Although there was a late rally I think that the Dow will be flat again tonight so we won't get much help from them.
 
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