In my view, the '
pump and dumps' you describe are probably more of a cyclical phenomenon than a '
mentality'. In my view the easiest thing to do is to watch this video and note the many similarities. I think it is very useful information for all holders of any spec stock.
And this;
"
First cycle got us to 3c.
Second got us to 10c.
Third 30c??? Lol"
As for predicating future SP prices on "
pump and dumps" as though they are, or have been a precursor for sustained growth in the longer term SP ... well ... good luck ... with that as a strategy.
Apologies if this was a 't
ongue in cheek' statement on your behalf. Honestly and in good faith - I found it difficult to perceive which way you were going with this idea.
@Pan head (your post #;34682810)
"
I don't think they underestimated the price being over 8c at all and your statement around that concerns me."
The
fact is that the QBL board overestimated the cap raise price by proposing an 0.08c price. If, that is how they were going to "
transform the company", then ... sheesh!
And am I correct in understanding that you find the fact that some have highlighted this issue "
concerning" but not the fact that the cap raise has been reduced by ~54% within the space of approximately 6 weeks? Is that correct?
However much some might want to try and change the reality of the now
failed 0.08c proposed cap raise,
one that is subsequently proposed at 0.035, it is simply a fact that is not open to dispute!
The fact that QBL discounted
their cap raise from 0.08 to 0.035 amounts to a plain admission, in my view, that they got it wrong. Worse still, I believe that the response to the market yesterday on that '
change of course' was a vague reference to "...
current market conditions".
This doesn't concern you?
Yesterday, I posted a question seeking to better understand the "...
current market conditions" justification. So far, there has been no response from QBL. It is a tough question I know and it might be difficult to answer.
Perhaps, you might know the answer to that question? Here it is again for your information.
My question from 1 August 2018.
"
And, is the QBL board able to distinguish, for their shareholders, how the, "... current market conditions" differ so significantly from the prevailing market conditions as at 20 June 2018, that they now need to cut the proposed cap raise by more 50%?"
Any ideas?
It is a very reasonable question I believe!
And I assume posters have noted this from the announcement yesterday;
"...
the directors intend to utilise their discretion to allocate the raising to shareholders in accordance with the size of their shareholding and the length of time the shareholder has held their shares."
Will these shares be regarded as a new class of shares (e.g.
preference shares)? These facts will be noted in the forthcoming prospectus I would think!
Irrespective, it will be interesting to watch how this '
rights issue' unfolds.
![Big Grin](styles/default/xenforo/clear.png)