AYN 0.00% 0.1¢ alcyone resources ltd

the placement needs to be at 6 cents plus ...

  1. 24,765 Posts.
    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.

 
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Currently unlisted public company.

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