Say you had a few million shares issued at 11.5c and you held a few mill from a previous purchase at say 4c your average then was 7.75c the market was at 12c ,
What would you do ,
Thats it guys gotta go , just keep an open mind and a stop loss , good luck, ______________________________________________
Swiftel places 20m shares at 11.5c to raise $2.3m 10:50, Tuesday, 2 December 2003
Sydney - Tuesday - December 2: (RWE) - Swiftel Ltd has placed 20 million shares to sophisticated investors at 11.5c each to raise $2.3 million. The new institutional shareholders are Queensland Investment Corporation and other Australian and overseas clients of Intersuisse Ltd. Funds raised will be used to expand the Swiftel network and services in Adelaide, Northern Territory and Tasmania in dimensioning its network to accomodate the current growth of broadband customers, for recruitment of marketing, service, support and senior staff and for additional working capital. The company also announced that it had reached the milestone of connecting 10,000 customers. Shares in Swiftel were down 0.5c to 13c this morning.
