the stock at one stage was almost triple the previous days...

the stock at one stage was almost triple the previous days price,and turnover of almost 50% of the company's shares. ok, there could be some churning - but there should be a speeding ticket

earlier on, it crossed watso's mind , that the company should take advantage of the spike, and make a placement.

in the past, watso has made comment about the top 10 holders. many of these, are obviously close to the company,because they seem to be top holders, year in, year out - they obviously trade the stock, and from what watso can work out, they also particpate in issues etc etc.

given the volume today, watso would tend to think that some of the top 10 (or top 20) shareholders sold into the market. It would be interesting to know if the recipients of the placement, sold into the market. It would be interesting to know the relevant times of the appropriate phone calls arranging the placement, and any trades that the recipients made during the day (if indeed they did).

watso is only speculating, but would not be surprised if the recipients sold existing stock into the market, and in effect, made a neat $220,000 on the day.

good move by the company to raise a few hundred thousand

the reality, is that there was nothing really exciting about one elevated sample.