RE: as mentioned by others3 Jun 2020 17:11
just bought 1st tranches of TRX totaling 700k shares
Been following since the placing was announced. Have 3 further tranches planned will see where the price is on Friday and then early next week, budgeting for 3M shares.
My expectation is the SP will not hit 2.5p, I know of a number of investor contacts waiting to get onboard early next week. I see shares being in demand, the huge offload that some are predicting may not happen, do not understand why II's will offload at a loss so quickly, and the PI's are existing holders that would of bought the primary bid shares to average down.
Anything 3p and above I will be buying, the new posters turning up trying to talk the share down by causing fear and doubt. selling now you may not be able to buy back in and cover the spread. It is interesting when you look at their posts on other shares. where they are ramping/defending stocks where they are invested and also talking down others like with TRX. It is so opaque. I am not convinced any posts on these forums really impact share prices, getting a handful of posters to sell really wouldn't move the stock.
Anyway for LTH it maybe bumpy for a few weeks, but there are so many stocks that are viable revenue generating businesses that require placings to support growth. It is normally the lifestyle companies or ones in distress that placing prices get fully realized by the SP.