MHL 0.00% 0.3¢ monitor energy limited

almost 1/2 billion shares to buy @ .2, page-2

  1. 7,747 Posts.
    People selling at 0.2c are anticipating sp to fall to 0.1c post rights issue. Shareprices tend to go below cr price due to sell pressure. This will especially be the case if the rights issue is underwritten as the underwriter needs to sell off his stock.

    I would anticipate a large shortfall unless they can get some sp action before the close date.

    Also if they dont pull something off, then the next cr is at 0.1c. Thats obvious. With Tony Sage on board it wont happen.
 
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