Rocket, thanks for bringing paragraph 7 page 5 to our attention. http://www.asx.com.au/asxpdf/20090818/pdf/31k4j8lmzcz0y0.pdf
I will point out that it has taken a lot longer than your “few days” and the selling still has not dried up. “Jump in quickly” you claimed! Perhaps it was an honest call at the time. Nine days later 21 million shares changed hands on the 24th September. Perhaps they may have been the 20 million shares that you speak. Before the 24th approx 30 million shares had changed hands.
Your friend may receive “just” 3 cents / share but unless you have already sold that is more than you or I. I do wonder if someone in a far off place has been shaking the tree and dumps a further 1,000,000 shares at $0.255 just to dislodge a few more before soaking them up. I don’t know..... Perhaps just Paterson's or an unhappy holder.
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Rocket, thanks for bringing paragraph 7 page 5 to our attention....
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