Ann: Gulf Company Update, page-113

I don't want a sell down. I still think there will be some panic selling from holders who wanted out. I still think the share price will be above 6c on the first day. 8c+ would not surprise me at all. There will definitely be accumulation from any large sell downs and the big players (Singaporeans and other South East Asian funds) make take a few days to completely show their hands.
I wouldn't be giving away shares cheaply in the first few days if one needed to sell.