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Hi guysDoes anyone know when would the $40M new share placement...

  1. pcyc
    169 Posts.
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    03/10/12
    15:29
    Post #: 10807066
    Hi guys
    Does anyone know when would the $40M new share placement of $2.75 can be sold by new institutional investors?

    The ann stated "settlement on Wed 3/10 (today) and allotment on Thu 4/10"

    The drop in SP today is that the reflection that new investors will be able to sell the shares starting tomorrow?

    Appreciate if someone could clarify. Just a bit strange to see the SP drop about 4% today.

    cheers
    BRU Price at posting: $2.85 Sentiment: Buy Disclosure: Held
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