It just looks bad. Nice signal of the top for awhile, perhaps a long while.
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It just looks bad. Nice signal of the top for awhile, perhaps a long while.
On 3 news last night they mentioned an interview yesterday where Rod said a US listing might take place early next year - does anyone know where this interview is or what it was from?
If you were going to list in the US, wouldn't you want more & I mean a lot more runs on the board ?
The liquidity on the ASX is terrible, what would it be like in the US?
They would require massive dilution to get any reasonable level of liquidity.
This is exactly the type of promo BS I have been referring to.
As long as the dilution doesn't go down lower than a dollar for those shares we got long time ago, we should still be happy. It remains to be seen of course but gut feel says the sp will not go lower than what those instos paid for their piece of the cake. Let's just get our timing right for its 2nd time price upheaval before the IPO.
Your gut feel coincides with a price gap between ~$20 and ~$21.70. Powerful beasts are price gaps - they most often get filled. I have no axe to grind, but I would expect to see a retracement to around $20 in the not too distant future
kind regards
drama king #1 (apparently)
And they have 9 Board members & a very large & highly paid senior management team to feed.
I just re-instigated my short on today's rally.
Mind you I wouldn't put it past this company to have a leaky ship.
Trust after the last couple of weeks deal & obvious leaks to the insiders is nil.
These guys are out to feed themselves first & foremost.
Re the shares management recently sold.
Someone mentioned these were shares that were financed. Financed by the company?