It would seem that the shares of the ineligible shareholders have been sold and we no longer have that dark cloud hanging over our SP.
Ineligible shareholders had ample opportunity to handle the sale of their own shares before the merger was completed, if they decided to leave it in the hands of the selling agent then they need to live with that, just as I need to live with not selling at 40 or 50c and then buying more at 22.5c last week. This is the stockmarket, deal with it. Buy government bonds if you want a sure thing.
First we had merger issues, then production issues & then Burwill issues. Finally, the stage is set for management to deliver some good news. And they better deliver some good news because it sure has been a while since they kicked a goal!
A40 Price at posting:
20.0¢ Sentiment: None Disclosure: Held