I know that in most cases, shares almost immediately trade down to the capital raising price but I feel this could be a little bit different.
Given that tax loss motivated selling can be done right up until June 30th next year and given that our holdings are only going to be worth a pittance, I'm wondering who will be selling straight away.
Are people really that desperate for a few hundred bucks?
If many take the "wait and see" attitude, will the share price really plunge to 0.006?
I'm inclined to think that selling pressure may not be quite as aggressive as we think.
Personally, I will be holding to see what happens.....9 months is a long time in business.
What's everyone else going to do?
TPT Price at posting:
3.8¢ Sentiment: Hold Disclosure: Held
