Baa_Baa, I think you will find Jim is simply taking the piss!
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http://www.sharechat.co.nz/article/0...ital-raisehtml
This will add fuel to the debate. Who traded on inside information ?
actually triggered a buy beginning of feb, ( probably when hard core negoiations started ) lol just kidding
if you look at the graph of au xro it has been climbing on rising volume all feb ahaha
Good news for Xero about this capital raise.
I had been considering buying in more over the past few weeks but haven't done anything about it. Regretting that a little now.
I wasn't quite sure what to do about the price jump a few days ago. I assumed that it was caused by a bit of hot air coming out of Xerocon.
However, a couple of things haven't quite smelled right in the past few days.
Firstly the quote from a broker that was widely reported about a heavy seller leaving the market. A seller might be able to keep the price "artificially" low at $16, but not for three months. That didn't smell right.
Also when the Aussie market opened yesterday, it opened a full $1 higher than the kiwi market was trading at. XRO.NZ had come off the highs but not XRO.AX. Someone in Australia knew something.
guess if it jumped in nz too it would really look sus
A reply from Rod re my comment on their blog:
Jamie was our initial US President that did the incredibly hard job of getting is got us off the ground. I’m delighted Jamie continues with us as a General Manager and valued member of the team focussed on US Product and working with our US Accountants channel.
This is a similar track as in Australia and the UK as each market scales quickly we are continually bringing on and developing leadership appropriate for each phase of growth.
But we are very clear about performance as you have to be in a fast growing company. That’s what our shareholders would expect from us.
Hope that sets your mind at ease.
I have to admit I haven't seen such a group of negative posts for a long time.Insider trading,suspicious trades,share enquiries ,Company performance doubts ,Directors dumped,whatever ,,,,,and the price is still up over four bucks on the day.I suppose the same posts will come if the price gets to thirty bucks and profit is in sight.....Get a life,enjoy the ride if in fact you are a holder....cheers.