i just drew down a couple k from my margin loan now that iv got some breathing room to participate in the SPP and for the first time ever i will be giving MEO some of my cash. Shareholder since 23/7/09. This company i think has great management so we have to come up a winner eventually.
I had already topped up at 20c not too long ago.(as well as 26..damn falling knifes).this SPP has caught us all by surprise...except for maybe the seller. i suspect many shareholders have got their fill when the price dropped and cant participate in the spp..a renouncable rights issue would have been better..but i dont know the full story....its very strange..
but you know what...fornicate it.
Ill worry about steal undies later Its a damn miracle my average is only 25 cent!
MEO Price at posting:
21.0¢ Sentiment: LT Buy Disclosure: Held