re: maybe, just maybe.... A few thoughts:
1.Price has been kept sub 15c. Maybe to minimise the drop if raising is at 10c. Imagine if it had climbed above 15c prior to the announcement.
2.Buyers at 10c,(picking a figure), will not want to sell at todays price. I would guess first resistance, (after the dump if it occurs), will be around 18c. This makes the options very attractive.
3. The reasons for the capital raising concern me though. SWT should have been able to handle the expansion into tassie and NT on existing capital and cashflow. So an aquisition springs to mind, and about the only canditate that I can see that fits the bill is Mulyiemedia, which is probably on the verge of going belly up. Broadband satellite would make the move into NT easy. Of course SWT may buying transponder space of their own.
Just my thoughts, and still pissed at the way SWT has gone about this.
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re: maybe, just maybe.... A few thoughts:1.Price has been kept...
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