USAShareholder12 Nov 2006 16:00
USAShareholder, I am in two minds about what will happen to GTL's SP in the next few days, but I am more inclined to take a cautious approach initially. I think it is likely that the SP could be driven down by institutional investors so they can bag as many shares as possible a rock-bottom prices prior to consolidation. After consolidation, with just 23 million shares, it's possible that the SP will be driven down from £1.00 to a nadir as low as 30p during initial trading of the new ordinary shares.GTL is going to be a very volatile share post-consolidation until a large proportion of its shares are out of free float. I hope there is a fall in the SP post-consolidation, that's when I will buy in!