GREY:SCSZF - Post by User
Comment by
idleSpeculatoron May 18, 2004 3:50pm
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Post# 7502530
RE: Something's not right here
RE: Something's not right hereHulluh,
some times yours powers of deduction, or lack of, astoound me.
Why are we down at 13c? Simple:
1) PP in progress and not yet closed means that insiders and others have been able to fill up as much as they have wanted at 15c. This removes much of the demand for shares in the market at or above this price.
2) While PP is in progress the compnay is not allowed to promote, say who they have signed, what has gone live, etc. A few weeks of this and followers lose interest.
3) With upward movement capped, and no NR's, we are not likely to attract any new investors.
This is all becuase the compnay needed to go to market to raise some additional capital. Quite normal. It will all change when the PP closes, the backlog of NR's (I assume there is) are able to be released and we havce the AGM. Despite what some people say about management, they do have a reputation for putting on a good AGM.
Hulluh, knowing all this good news and potentila upward movemnet is imminent, anyone who beleieved the compnay had a chance might choose to load up at these prices.
I just did in the PP, but if shares can be bought for 13c in open market, that's attractive too. Be amazed if they could not be sold for a few 10's of percent profit in just a few weeks.
jmo
Idle