I agree but can't understand why the "sophisticated investors"...

I agree but can't understand why the "sophisticated investors" that insist on being told "everything" put their money in at $A0.20!!!!! What were they told we do not know if anything?

After some thought - not having been asked to put in at 0.20 - but knowing those types want & get 50% (so they put in next time) I am going to follow the sophisticacted money and buy at market.