why the panic selling today ?, page-11

  1. Jim
    950 Posts.
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    no inside info, well aint deep enough and rivkin aint involved (!).

    wons mistake imo, was to place stock at 1c rather than just let existing shareholders take it up

    reason? when the placement was announced won was around 2.5c. anyone who took it up at 2/3 therefore had an average entry price of at least 1.9c. ergo no incentive to sell stock down further than this

    the stock initially fell to this level but unfortunately the shortfall stock does not appear to have gone into friendly hands. anything 1c and above is a sell for those that dont want drilling risk

    its a theory anyway.....!

    go won, prove them all wrong!!!!!
 
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