RBY 0.00% 0.9¢ rockeby biomed limited

rockeby drawdown facility, page-4

  1. adz
    263 Posts.
    "If you read the announcements relating to the drawdown facility Rockeby has with Fortrend Securities Pty Ltd,

    http://www.fortrend.com.au/MarginLending.htm
    (look at point 4 - short selling)

    dated:
    9 October 2007
    24 April 2008
    22 April 2008
    15 May 2007

    It becomes obvious that it is in Fortrend's best interests to have Rockeby's share price as low as possible so as to receive a greater number of shares and options for their buck $.
    Fortrend have already reduced the issue price from 1.5c to 0.9c !
    Why wouldn't they sell them down? Perhaps Fortrend will negotiate the issue price down to 0.7c before the next drawdown?!

    The above is pure speculation, food for thought though..."




    Surprise, surprise... drawdown at 0.7c.
    It appears that Rockeby have done a deal with the Devil - Fortend Securities.

    Time to get my ASIC golf buddy to look into this.
 
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