Has anyone thought that if they were a sophisticated investor and were allocated say 2m shares and that they held say 2m shares they could have dumped the holding and purchased the allocation and made good $$$$$ all perfectly legal. There are a few other people making $$$$ out of the placement..all perfectly legal and above board. What really annoys me is that if positive news was released and the stock took off then the organisation could raise far more capital very easily by going to the market without diluting the stock. Reminds me a little of Sausage Software..from 10 cents to $8.80 with a little change in administration (and of course a different situation)
SBN Price at posting:
0.0¢ Sentiment: None Disclosure: Held
