SIG register is made up of an awful lot of pharmacists and retail holders who are not the smartest. Price goes up, they get excited and stampede in looking to ride a wave
Existing entitlement holders can sell on market at circa $1, and take up entitlements at 70c.
This is not rocket science.
l am easing out of this stock in the above manner as the narrative is more exciting than the profit potential over a greatly expanded equity base as a result of the huge CR.
Still holding a decent chunk of shares but quite happy for 6 figure cash release over the last 6 days trading.
I have always believed ACCC may be called into play and uncertainty in their decision can induce a lot of selling.
GLTASH
SIG Price at posting:
98.5¢ Sentiment: None Disclosure: Held
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