RE: Anyone going weds ?10 Dec 2018 15:22
Agree Levi. He was very rampy on the PR at the start of the year with the SP at 6p saying how undervalued it was ... before it was systematically sold down to a placing at 4.2. He appeared to be apologetic for that and intimated it would not happen again... would only raise again for an SP transformational deal etc etc. So then its a 'premium', 'oversubscribed' placing... but its not just the warrants attached, its the move up to the 'premium' placing price in advance and immediate selling down since ... I'm sure he mentioned that the BOD were approached by a group of "certain strategic investors" as well... yet no holdings, just selling. Perhaps the BOD have been naive ? Strategic is the right word... but they do not have infinite shares to be 'strategic' with. Everything else appears to be nicely in place.
I have added today, again.