Quote:
quote:Originally posted by Balance
"Company chairman Peter Brook said not much could be read into the share price change because there was very little liquidity in the stock.
"There are just not the shares out there to buy. I think if you wanted to buy 30,000 or 35,000 you would be paying $1.20 per share," he said."
This is a very dumb reply to the share price fall from the Chairman who should know better. Fancy saying that the stock could go to $1.20 if someone wanted 30,000 shares when the company could not get rid of 10m shares at the IPO! Treat the market as a fool and it will treat the company as a complete idiot and unworthy of serious consideration.
I thought that the NZX rules prevented Directors from making statements as to what the shareprice could, should or ought to be?