Klymtech (from Squarescene) eluded to the fact that SKG were looking for a broker that could get the liquidity going on the AIM.............currently the main parcels of shares are held by larger investors that are sitting on their holdings and wont trade them.
I'm not real happy with the issue price either, but I guess they have to do some thing to give the small punters a go on the AIM..........if SKG were to announce good news over the next week or two it would be ideal to release the 1.5 million shares onto the AIM at say 40 pence and give the punters an entry point and provide liquidity.
The current trading volume on the AIM is virtually nil, because of the limited stock available to trade, so clearly SKG have to do some thing.
I guess the cash is a bonus for SKG, but I doubt if they will be released the shares back onto the market at such a discount.
SKG
skynetglobal limited
