re: price outlook - johnno10
This has been very disappointing with price retracting on very low volume. Announcement made last week on management changes and Brett Crowley CEO leaving. The company has finally realised they need a new CEO with good PR skills to get things moving quicker. I called the company last week to express my disappointment and why have they let this go on for so long. During my conversation I was told they had spoken to a number of brokers and I got the feeling that brokers put pressure on them to change its management. Shaws follow this stock and arranged a number of share placements and have put a lot of clients into the stock, so they wouldn't be too happy. Announcement also released last week advising Link Traders became a major shareholder. So now I ask myself should I sell or accumulate more at these prices.
IMH Price at posting:
0.0¢ Sentiment: None Disclosure: Held