We have to be very patience, as the hedge funds new strategy they short the shares, the same time they particpate in the placement.
New strategy of making money from retail investors and LT.
http://www.smh.com.au/business/asx-directors-resign-over-us-share-scandal-20130919-2u0qi.html The Securities Exchange Commission this week announced enforcement actions against 23 US-based firms for short selling violations in recent years, including improperly participating in public stock offerings after selling short those same stocks.
GXY Price at posting:
6.9¢ Sentiment: Hold Disclosure: Held
