lemasI wonder if the company doing the funding is allowed to buy...

lemas
I wonder if the company doing the funding is allowed to buy stock before the funding takes place, owing to the fact I imagine they'll have inside information on where the company is going etc.
If not they could be buying at the moment at these cheaper levels.
I don't think they would have to show their hand until they have accumulated 5%...correct?
That would give them a nice size parcel of around 12m (5%) plus 17.4m new shares. Somewhere around 12.5%
Greyhoundtrainer with the closeness of the company finally getting to making money, unless I was short of money and had to sell it would seem stupid to me at selling now, when a month or so down the way the SP has got a very good chance of starting to head up.
It's not just a dream anymore.
Is the average price of the 5 days prior closing price or the overall trading day price....if it's closing price we'll just have to make sure it closes right every day.
VVS there was no offence taken by your remark earlier. I thought you were joking.
Regards Dabru