I wrote this on 8/4:
"What is interesting is the buying of Directors into the capital raising. Mr Monterello bought $1,576,420 shares @ 35c. He now holds at least 17% of the company."
Gee, big losses there, but I am sure he is paid well- retail holders will suffer here. The company has said they may pay a dividend next half, and probably would not say that unless they thought it was possible. If they don't pay, well... it won't be good.
I am in with a bid here. The falls arelarge, but the market has put it on the radar, from market depth:
http://cb.iguana2.com/netwealth2/depth/tsm
It may go low, quite low, over the next few days, but today is the disaster day, so I'm going to check this one out- trading is fast, and people angry. Opportunity?
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