Short Term Trading Weekend lounge 9th-11th Dec, page-135

  1. 11,064 Posts.
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    no, not a typo.............i traded RLC a couple of times, because nothing was happening. In fact, i first bought in @.004 back in March/April............ and eventually, kept a parcel of 10000 shares @.008, just to be on the register. That was when the spp came out, so i went for it..........the funny thing is, i started buying on market, as i thought my application would be scaled back. I even spoke to Geof Fethers, about the spp, and he never gave any hint that they were to accept all applications(just shows he doesnt spill any beans!).....if i had known they would increase the offer, i would have gone the full $15K, as well as on market buying ( i was getting everything i could @.009 (you only need to see the trading history of the last year to see how illiquid this one was.
    If they still had share certificates, those 10,000 shares would be hanging in a frame on the wall !....
    I hold a couple of stocks by holding a few hundred shares, just to be there if they make a similar move. If they are tired companies making a new start, its easy to load up with shortfall in a CR.....unless if its a Cygnet shell, they keep the lot !!
 
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