PLT 0.70% 72.0¢ plenti group limited

Yes I do understand thanks.basically they are in the red by $80...

  1. 546 Posts.
    Yes I do understand thanks.
    basically they are in the red by $80 million ( to develop the products wages , directors salaries, ext) and need to make sales ( which supposedly they have contracts for to recoup these losses.
    They need capital raising so they need to issue more shares at 11.5 ( below the current sp to encourage buyers).
    Reason I'm still holding 280,000 is that if I sell at the present low sp I lose a lot.My average purchase buy price was around 45 cents.So to break even thats what the sp needs to be.As I said I'm prepared to wait till 2011 thats why I said that I have no choice
    Hope there is clarity in the explanation
 
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