Had to change that thread! After all i,m classed as a ramper or worse "one of Harlees minnions" I believe i,m just an ICP investor who does not give them self a hard time for not having hindsight.
So what i want to point out as a way of supporting this stock is my view regarding the recent placement.
exactly one month ago they sold 40mill shares for 5cents to raise $2mill which they have now used to rid themselves of debt. (wish i could do that)
The shares were taken up in a PRIVATE PLACEMENT. Now please correct me if i am wrong. I want to assume that these PRIVATE investors would be known to directors of ICP, Yes? Now if i was approached (due to my relationship with the ICP people) to join with others to raise $2mill, i think i would be asking WHY? What's in it for me? Show me where we are going. Particularly as the sp has come back from 16cents.
This inner circle MUST know what is in the making. As we all have witnessed the SP dropping another 20 % on minuscule volume, they (those Private placement investors) must be tearing their hair out as they are unable to buy at this 20% discount to the price they paid. (for fear of a "please explain" from ASX)
Two points from this.
1. Great company, that is no loose lips, even playing field.
2. Private Placement investors cannot buy at 4 cents, but we can!!!
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