Funny you mention that. I recently worked for an engineering firm that had not been doing so well.
The CE addressed staff at one point and explained that they would be once again doing a capital raise to boost cash position.
Stupid me didn't even think to short them and sure enough on announcement the following week the SP literally halved. Wow A grade opportunity gone begging there.
Reason I say it is that even with the best intentions critical news can escape.
Look at all the lawyers an execs that find out the company has won a major infrastructure project but have to sit on it while te Minister gets his kicks.
Will watch with interest (but no money having added recently). Damn that house purchase.
KNL Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
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