Greenstone IPO, page-27

  1. 741 Posts.
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    Great comments from everyone and thanks.
    Let's keep this dialogue going as bids only close end of next week so we can gauge sentiment.
    Spoke with a broker from one of the leads and evidently:
    1. When they did the OS roadshow they loved it. Liked on line insurance, recognised that pet insurance is small in Australia relative to some OS countries and happy with the multiple and liked the Greenstone storey.
    2. However, when they discovered the way Greenstone accounts for revenue it made them nervous and they have gone back to their drawing boards to reconsider.
    At this stage you would have to say this one is looking cold to possibly luke warm
    Let's keep this debate going on sentiment.
    Thanks.
    At this stage thinking of bidding for stock at $2 and if you do not get it so be it. Or not even bidding at all.
 
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