seems like everyone is heading to the exits for all stocks, someone just sold down to 12.1 now, ouch!
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seems like everyone is heading to the exits for all stocks, someone just sold down to 12.1 now, ouch!
At least it is holding above the SPP price, which is something MRP didn't do. Expectations can be too high with any IT offering coming on board, with people expecting the next big Xero/Diligent from day one. Let it do what it's got to do and follow the developments as the company grows. Any increase in SP will then get justified, at least.
Does this kind of thing happen often? One guy doing able to bring price down and scare off buyers etc? I have only been following markets for a couple months.
So they have 21mil more shares? They could keep doing this for months? Why would they do that?
Handley should just buy them back. Oh well in it for least a couple years so all this is kind of irrelevant, and its interesting to watch.
HPF seems to be mostly owned by The Business Bakery, an early investor in the Hyperfactory
http://www.pwc.co.nz/private-busines...s/grant-baker/
All very infuriating all this selling but everyone has their reasons for investing. Still a holder and I too well be happy when these drip-fed parcels of sales end. :t_down:
It's obvious that Handley is good at what he does, but these back room boys are even better. As I've eluded to before, nothing but some creative accounting. Issue shares at 6.5 sell at say 12....I'd be selling too!
Should get some lift here today after better economic data from US after 3 day slide.