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08/12/16
00:58
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Originally posted by Jezzy
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Placement shares after consol worth 1c - true. But we have seen almost no selling. Furthermore, there is not enough volume to sell anything meaningful. They need to make a juicy acquisition and produce significant but also durable price appreciation to make any significant returns.
Not to mention the option holders who need SP genuinely re-rated well above 2.5c to profit from the options
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Ok so its true but they are hanging onto them. i would too!
Is it also right there is only about $50k of shares to get to 8 cents?
If thats true, next good announcement (i reckon in next couple weeks) will see peeps grabbing to avg down or make a quick buck.
This could really go if everyone hangs on!