Well if this morning's off-loading doesn't accelerate in coming days, you would have to say that holders have reacted in a fairly sanguine fashion to the cap raising.
Only $680k worth has been sold thus far and while that may be due to few other options for holders, it could be an early indication that most broadly approve of the uses to which the significant sum raised will be put.
I just wish management had gone hard earlier (4 months back) and raised all that was needed to carry them into production. They must have had an idea of what would be required last time when they passed the hat around. Why circumcise shareholders TWICE? Anyone could see that's gonna hurt!
Let's hope the SP stabilizes ABOVE the issue price this time before a steady climb towards that elusive blue sky. History says it won't but - on the plus side - near-term cash-flow can be a very seductive force.
Watching, fuming and hoping..
DYOR
Gupper
SBL Price at posting:
2.2¢ Sentiment: None Disclosure: Held
