the game so far

I was planning to stay away from this thread for a little longer, but guess I couldn't help myself on this occasion.

I think a near-perfect game has been played thus far from the insto we're most familiar with. The single objective of this game is to amass as much holding as possible, via both the private placement and now the public rights offer.

Sequence of events to date:
1. Big pump call to drive up the price from 2.5c to 4c, to allow some players exiting nicely.
2. Catching the traders off holding at high 3c with the CR announcement.
3. Keeping a lid on the price at below 3c ("doors closing soon") to de-incentivise current holders from taking up the offer, which means the large players then have the 2nd opportunity to pick up extra rights effectively for free on top of their private placement.
4. Deterring would-be holders from buying ("it could go further if I wait a little longer").

Only reason to play this game - get more shares and maximise profits on the way up.

Otherwise, I can't see why they would act to jeopardise the YHD deal, unless the aforementioned insto actually want it all to themselves at 3c.

So in other words, fattening up of the big players and dilution for the retail holders.

I certainly hope that the CR game ends in mid April with YHD deal done, so the company can get on with growth which would hopefully drive the share price forward.

In the meantime, I've topped up and still holding.

Happy to hear from anyone if my conspiracy theory is flawed.

Over and out.