ODN 0.00% 0.0¢ odin energy limited

gridComm director in Perth, page-85

  1. 2,212 Posts.
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    It is simple risk management, in all probability some of those who received 245,000,000 shares at 0.001 have likely made a commercial decision to sell a portion daily for what they can get on market, locking in a certain profit - anything can happen - for instance a plane can go down, as we know from Sundance Resources.
    If the deal proceeds favourably for ODN they will gain a much greater profit on the remainder, but they have removed the gamble.
 
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