Market will tell you.
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Market will tell you.
Have to say that the WDT shareholders are a hardy lot - worthy of being called long term investors rather than the normal fly-by-emotions.
Hope WDT shareholders' faith in the company is amply rewarded.
I am in denial I think but did I really pay $1 or 50c or something like that a share all those years ago???
Yeah I am lucky in that I have being pretty active in the buying and selling. I think my average price is now negative so I feel I can hold on for a while now and just what happens. Will be interesting to see how the over subs went. But A good sign that the insiders all took up their right and looks like they applied for extras as well.
When it goes. It will fly I think. Easy to see WDT get back to 5cps in the next 12 months.
So the oversubscriptions were quite oversubscribed from the looks. I wanted an extra approx 56,000 but only got an extra approx 32,000
When it was all announced I wondered to myself, given the very low price, if the directors were giving themselves a chance to buy up a big chunk of the company on the cheap? I will be very interested to see how many shares the directors bought...
I think the over-subscription was a little over a quarter of the existing holding ie. implies emearg held about 120,000 shares before and now has about 270,000. If my maths is right then only 80% of the rights were taken up by rights holders. Agree it will be interesting to see directors purchases. Great opp for them to inside trade, as they will now the real story whereas prospectus had the usual BS from the directors and some quarterly sales in USD upto Dec 10.
....as a sharholder should I have rights I can now sell......is that how it works??