moorabool signs moratorium on coal seam gas , page-10

"Buyers drying up no buy depth bak to .025"

ssailor,

You obviously havnt you held many shares before and seen how a SPP works?
In most cases the Market Share price hovers around the SPP amount.

Right now all holders are waiting and most likely taking up their entitlement because we know that the free attached oppie will be worth more than 1 cent come next week minimum, you are getting the MNM share for about 2.5 cents if you take oppie into account??

So, If you hold more than a million shares for instance but don't have cash. What do you do....miss out on entitlement OR sell at or around 3.5 cents and take up your entitlement and get the free oppie? IMO YES

(eg,,,lets say you apply for 100 000 through entitlement?
$3500 you get 100 000 MNM and 100 000 MNMOB
What if MNM goes to 20 cents? the MNMOB will be worth about 16 cents and this is all free....Its a no brainer to take up entitlement if you bullish.
Even if you sold shares today at 3 cents in order to take up entitlement, if MNM rallies you will be much better off LT)

Do some large holders want to apply for more than their entitlement? You bet they do.

Is it better for them if the SP is above 3.5 or below?
Well, If some holders don't take up their entitlement there will be extra for the holders that apply for more....Bonus for the BULLISH LT holders

Imagine if we get some good news in the next week and SP rallies/ Everyone and their mother will want their entitlement and there will most likely be no extra's....

makes sence now I hope

Not everything is at is seems...