==8 Aug 2012 14:36
Post from iii worth re-posting................
Rome wasnt built in a day, yet impatient "traders" want the jam in a single day.
£1.70 was muted (By spreadbet magazine I recall) and was seized upon by forum members (Myself included) as the figure we wanted to see broken "initially".
OK, it didnt happen on day 1 of restoration, but day 2 has seen it...
What of day 3, 4, 5, 6 and so on..
£2 by day 5?
I personally muffled my scoffs at the £1.70 and always thought even £2, £3, £4 will appear cheap...
Dilution has a material effect when used to prop a company up... When you are buying assets (On the cheap) which produce, then any dilution is offset immediatley and is welcomed.
AE