RE:Small investors get screwed againI have obviously misinterpreted this 'bought deal' and its impact on the SP. I initially thought that it would firm up the support at 3.40 if not send it upward.
If 'big money' was confident enough in thinking that 10M shares @ 3.30 was a deal, what must they be thinking now? Given the current SP they are already down $3M.
I am holding faith in SVC management that there must be a huge reward ahead in the form of a news release, in the near term, that will reverse this downward trend in the SP and send it towards $4.
I'm definitely feeling uneasy about SVC mgmt not sharing its plans for this new capital. Given the SP I'm evidently not the only one.
I should have went with my gut a few weeks back and sold off half my SVC and bought HGU.
I may do it yet.
Sorry for the venting.
Have a great day all!
BW