I think very good points are raised here in todays posts and a...

I think very good points are raised here in todays posts and a debating team could argue both sides with great conviction. There's no doubt the interruption to upward momentum this time around is a real pain for its effect on the near term future higher share price and shareholder sentiment. jak, you summed it up very well I thought. The arithmetic consequence and favouring the soph's is once again to the fore with this move.

On Tully's side of the argument is the belief/hope/reliance of the share price at this point being much higher than it was as of a week ago, with which, if necessary which it was coming to, needing to raise another couple of mil. Had the share price been 20c this would have been a non-event.

jak, you would no doubt counter that the reason the share price wasn't already 20c (thus enabling what was just written above) is because the company has its history with CR's so negating this rise. So we have a circular argument developing … Nonetheless, very valid points on both sides.

I suspect SB had  estimated (probably wrongly unfortunately) the share price at this time and waiting 'til the last minute and hoping didn't save the day. Lessons learned? Well see.  But it is very unfortunate it came to this and we have endure another "recovery" while profit taking occurs. I am hoping the disruption will be much shorter due to more shares being held onto this time and higher daily turnover absorbing the sellers much faster. We are now into a very interesting phase so price action should be far ore condensed than last time, one would hope(!)

Kip