wondering where the 100% oversubscribers are? there should be a 20 mln share order in at .26$. Mgt. killed sentiment here whilst giving away the shares to some shareholders that probably can't even spell the name of the company. On the other side it is more than rational that sophisticated investors that are privileged to buy at 0.26$ sell their old shares above that price. I have never seen a discounted placement at the ASX where the shareprice hasn't fallen near to the placement price.
GBE Price at posting:
26.0¢ Sentiment: LT Buy Disclosure: Held
