Labour government in action so anything goes - especially broken promises & undertakings.
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They are piling in.....its a sure bet...
I was commenting on the appropriateness and integrity of how the marketing was directed.
But I don't know what chart you are looking at. Burgerfuel's IPO price was $1.00 back in 2007. It's share price went nowhere but down for years and only got back to its listing price in 2012. I see it got up to 3.5 in 2014 after some news about subway and milford investing but has tanked since then. chart looks like a near perfect parabola.
trading at 33 cents.
another shocker with aggressive marketing towards retail investors was Moa.
Sp holding up over 9 million traded.. they love this stock.
The thing is they're paying $1.25 now to pay another $1.06 in a months time. What are they doing this all on - the revolving equity portion of their homes? Remembering their is approx. 600m shares in circulation and 1.2b rights.
AH yes balance!
777, I understand they can lapse and the underwriters step up. But, I was thinking more holistically in that people are buying AIR to participate in this 'special' deal to acquire more at $0.53*2. I just think that with a higher OCR and higher interest rates coming, people doing this on their equity are going to hurt and young people buying AIR who don't have oodles of capital are going to get burnt.
At the end of April, if the underwriters pick up any do you think they are long term holders? FFS.NZX holders will remember the underwrites keeping the price at $0.20 for a very long time.
No requirement for shorts to cover (unless explicitly stated in their short agreement)? If you are short as it goes ex rights you essentially are now short 2 extra shares at 53c for each 1 you own (i.e. you need to buy back on market 3 shares instead of 1 at some point).