I believe we should get told this week and would expect that if most of it is trumped up then that is a pretty good show of confidence in teh company. Something after all made them over subscribed. However if the punters reneg (which is very unlikely imo) then of course what ever made them over subscribe will have changed and that of course would not be good imo.
We can make all sorts of excuses like the general market is down etc however you have to wonder what sort of disappointment in the lack of promised contracts has also befallen the share price.
Be interesting to see how much of second tranche is taken up. 80% + for mine and then some confidence restored :)
Lee...what do you reckon?
CKK Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
