what about after placement, page-9

Actually I bought mine at 3.2 cents. Well half of them to be honest. Bought my first lot at 24.5 cents, then 15 cents, then placement at 11cents, then 7.9 cents and finally 3.2 cents so I get your point.

However, as current shareholders may be the only people who actually get an allocation of the public offer shares, it is fair to say that they can lock in their profits right now and not wait until the actual placement takes place (That is what I did by selling half my holdings at 6.7 cents knowing I will get them back for 4 cents very soon). Therefore, as no sell-off has taken place yet it can not be said with certainty that a sell-off will occur after 4th Dec. Hence my original questions.