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Longreachgeo, Word on the street is it could be a Medical...

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miki29

700 Posts.

16/03/15

16:16

Post #: 14922030
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Originally posted by longreachgeo ↑

Hi all
Recently took placement at 0.2cps
Only hold resource stocks so this is my first delve into a technology based shell as you call it
I must say I don't understand half the comments or negativity on this particular thread
Why should the company provide an explanation as to the selling ? It is very easy, sophs who participated in the placement are able to sell at 0.3cps and make 50%. As you are seeing, some are taking that opportunity but the majority of us are not. I did not contemplate the sell trigger at 0.4cps and I don't contemplate it now at 0.3cps. I had a good laugh at all the speculation but must say alot of you chaps are jumping at ghosts. DUO will tell all when the deal is ready. The deal must be put to a shareholder vote so you all will have your say. The deal must be voted on according to the Corporations Act 2001. My understanding is the company is now well funded and will not require additional capital. I see all the talk about what reconstruction ratio the company will utilize but the fact is they don't know themselves. If the market likes the technology and it blisters a path to 2cps for example then I and everyone would be recommending to management no less than a 10:1 ratio be implemented. If the market doesn't like the technology and it lulls at 0.5cps for example, then the company will have to use a 40:1 ratio. The stock must be consolidated to reflect a 20cps re-listing price to comply. A few posters have hit the nail on the head with their estimation as to timing. The company cannot release the terms of the deal within a standard fourteen (14) day window. So add 14 days to the last raise then allow a couple of days margin. This is all easily confirmed by reviewing ASX listing rules. There are law sites that provide summary fact sheets which I recommend people read. Watching the minute by minute trade will drive you nuts and is pointless if the company cannot announce a deal for a set time frame, it is a fruitless endeavor. If the selling slows then I see this may return to 0.3cps bid 0.4cps offer, maybe higher at the end of the week. I dont believe there is going to be much more placement stock coming out and I would say sit tight as there should be more 5% substantial shareholder notices to come. I envisage the company will go into a trading halt at some time during this week and release details of the acquisition next week. I believe DUO will reach a high between 1cps to 2cps before tapering back; that is why I'm not selling. There are some sophs who aren't as committed as me, but they supported the company and deserve their profit just the same. They don't represent a large portion of the raise. I hope this helps. I would say that whoever the $archer$ chap is talking to also participated in the raise and is providing some good information, but as the old adage goes "loose lips sink ships". Everyone have a holiday till you see a price sensitive mark next to DUO then we can get excited.

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Longreachgeo,

Word on the street is it could be a Medical application developed by combined US/Aust Universities.

Miki29

DUO Price at posting: 0.3¢ Sentiment: Hold Disclosure: Held
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