CVN 3.23% 16.0¢ carnarvon energy limited

i rang the company..., page-8

  1. 19,172 Posts.
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    Good to hear from you Ohyeah76 and as usual, good post.

    Lying awake last night (as you do with a paper loss of a gillion dollars), it dawned on me that judging by the consistently sized orders going through, its pretty obvious that its one seller.

    Probably Hartleys or Macquarie who took a large amount of stock in the placement.

    What I can't work out is why the company hasn't rung them to place their remaining stock that they persist in smashing out to the market at these ridiculously low prices.

    I mean wasn't the placement HEAVILY oversubscribed!!

    Yeah...yeah...can't tell who the seller is until T+3.

    My arse.
 
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