Copydog This stock has no chance of rising over the next few weeks. The large issue will hold the price back for 2 reasons
1. Selling pressure from holders who cant afford to take up the issue. Anyone in this position would be silly not to sell their stock at 22,23,24 etc knowing they can buy them all back at 20 cents.
2. Anyone who really wants to buy into this stock will find it much cheaper to do so through buying the rights on markets. Given the massive size of the issue there will be lots of holders who will sell there rights for much less than their theoretical value.
I think it is more likely to fall towards the 20 cents mark over the next few weeks
TAM Price at posting:
18.8¢ Sentiment: None Disclosure: Not Held
