NUP 0.00% 1.5¢ nupower resources limited

Sorry but this is making no sense at all.In quarterly activities...

  1. 1,148 Posts.
    lightbulb Created with Sketch. 15
    Sorry but this is making no sense at all.

    In quarterly activities report of 29/07/2011 directors reported strong demand for shortfall shares and stated that they expected to place them shortly. They did just that, with announcement coming out on 04/08/2011, appendix 3B was issued for 35,521,375 shares placed to institutional and sophisticated investors.

    All shares under the recent RRI therefore have been issued by 04/08/2011.

    Therefore, the price action has nothing to do with pumping the SP in order to place remaining shares if this is what you are implying.
 
watchlist Created with Sketch. Add NUP (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.