I wonder what effect it will have if lots of AYN shareholders - who are after all part owners of AYN - were to phone/and/or e-mail the company to leave a message for Management that the placement should be made at a minimum of 6 cents a share?
There is no way any interested party would be able to get hold of even 20 million AYN shares today at 6 cents buying on market, so a placement below 6 cents just does not make sense to me.
I know if I still held I would certainly be telling AYN that the placement must be negotiated at a minimum of 6 cents.
AYN Price at posting:
3.7¢ Sentiment: None Disclosure: Not Held