re: Ann: Institutional Placement to Raise A$5...
Exactly my point blueballs! I also see the point you make as well.
If it was heavily oversubscribed at $1.34 it might have been fully subscribed at $1.36, $1.38, or even higher, especially if your stating that people only got 20%-30% of what they were seeking.
You have to remember as well that a few cents for LT institutional and sophisticated investors is nothing in the scheme of things, unless they are looking to sell once the SP improves 10%-20% above their purchase price.
Not saying it's not a great deal ... I still believe in the company 100% at this stage, it just would be great to have people in charge who can squeeze every last cent out of these institutional and sophisticated investors, as they know PIR has something special.
PIR Price at posting:
$1.36 Sentiment: None Disclosure: Held
