Ann: Prospectus-TWH.AX, page-20

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specgoldbug

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23/10/16

19:06

Post #: 20062118
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Originally posted by Simoncho ↑

A high price on suspension will be great.

Putting in for IPO shares is no guarantee, as you say, and it will be several weeks before any monies are returned to sender from oversubscription. MXC oversubscribed in about 48 hours and non-winners got really pissed off about waiting weeks for a cheque to be mailed back to them, plus 3-5 days clearing their banks accounts, as the SP rose. They BPaid their money in milliseconds and waited weeks to get it back. If you were there, of course you'd know the SP eventually fell back to SP and 10% below, so they could have bought in cheaper had they timed well, but of course a lot of that cash went straight back in the week those cheques cleared. It only retraced after our 2-week election and Brexit - a perfect sh*tstorm for investor confidence - and without TGA rescheduling, which I believe puts this launch beyond the stratosphere of MXC's cap raise.

Like trying to get in at 1c next week, there's a risk of standing at the station watching the train leave. To me, a bird in the hand is worth 2 in the bush and I didn't want my cash in suspended animation during the first weeks of legal medical cannabis in Australia.

DYOR

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Correct- imo only once broker and their clients/friends are serviced do the public get a look in- and this one sure looks like it will be tight- hence I took a bird in the hand just in case and will chase one in the bush - as you so eloquently describe

TWH Price at posting: 1.2¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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Ann: Prospectus-TWH.AX, page-20

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