Good comments Tretch,
I think back to the last placement to SIs at 15cents. At the time I was not happy about missing out on the placement and the timing of the offer etc etc..
Some very wise words from our friend Debono on this forum helped to calm me down and see reason and the sense of what management were doing.
Anyway it was not long until I was topping up prices at well under the placement price to the SIs (30 to 40% less) and I am in a much stronger position now because of it.
My point is that if you are patient you may still get a good price, or an oportunity when the company needs to raise some serious monery for BFS etc..
GL all for today
Wiil
placement to sophisticated investors, page-4
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Mkt cap ! $49.28M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 42079 | 18.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 159059 | 2 |
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