CXS chemgenex pharmaceuticals ltd

rbs revised report on cxs , page-8

  1. 9,544 Posts.
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    Is the cap raising a foregone conclusion? If there is a raising, I expect the share price to get pumped to get the best possible price for the placement. Unfortunately a few short-term investors, chartists and daytraders will get drawn in, before the placement is announced.

    No pump is in operation at the moment that I can discern which could be due to:
    1. There really is no intention to raise capital; or
    2. The company is waiting for global markets to calm down; any raising is going to be disastrous in current climate.

    So which is it?

    If the share price does go up for an unexplained reason, I for one will have a bitter-sweet sentiment.
 
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Currently unlisted public company.

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