RE: SP23 May 2018 17:13
Good to see it back above 10.25p, and now trying to maintain 10.50 (the support from 13th February.
"...tells me that the BoD want to get the SP up so that when a JV is brought in it will dilute existing shareholders less."
Thomas, yes, that's all fair enough. But what about the price maintenance since November 2017?
As from 10p ahead, many holders (and posters on here) hoped and wrote that 30p was around the corner; based on "the holy license" news, or Asiamet promise NOT to raise capital at this stage.
These hopes & dreams have not evolved. For now.
Right after the peak out in November 2017, someone flooded the market with an ocean of options.
Did you think of that? I didn�t.
Neatly and nicely, without big noise, the share has been diluted. Otherwise Asiamet would be 15-17ish today, not 10 ish.
Anyway, let company directors and their financial allies, such as JP Morgan or Mindanao (Namarong Investments) decide how to make strategic investment decisions or how much dilution is acceptable. I for one am simply commenting on shares with sudden bullish- or bearish trading opportunities.