Winnietwo, glad to have you on board. Im not sure how long you have been involved, but the share price was only recently at that level at the start of the rights issue.
I may sell shares to fund the buying of the right aswell, I think there might be a few of us in this boat. Having said that, this would explain a decrease from 14-15c at the start of the issue to the 10c now.
Those of us in this position will be selling our shares at anything above 10c to fund the rebuy, so I guess there will be a bit of selling at above the 10c mark.. which will keep our price no higher than that until afterwards.
Our share price may be dliluted, but there is also the new injection of that much cash.. so not by much. Im not too phased by a price of 10c, this surely is temporary while a bit of a sell off occurs. Afterwards each original share is part of a company with more cash, so it should hold its value, or get back to where we were perhaps?
Here's hoping for a good year ahead.
CTP Price at posting:
9.5¢ Sentiment: Hold Disclosure: Held
