firstly, good to see Cerbera is still around the traps, keeping the Ronstaa honest.
Freddy, I am torn on this one. Some points I would make: - the price was held down through the entitlement process (sell orders removed as soon as it closed), which would benefit those who underwrote the offer (most mentioned in Freddy's post), not sure who would do that, but I know who the stock was going too if Joe holder didn't pick up their entitlement.
- agree that 'friends of barlow' are unlikely to sell, although I doubt they tipped $6mil into the company, maybe 2mil MAX, so easy profit at 4 cents, especially seeing as they were also able to participate in the cap raising.
- @6cents, the market cap is pushing $30mil. With the absolute disaster of revenue from searchworld, no sight of mapmedia and webfirm a break even business, I would have to see amazing results from an Adslot trial not to sell at around 6 cents (especially with the end of quant easing in the states in march!).
I think it may go up as well, just not based on current fundamentals.
WFM Price at posting:
4.2¢ Sentiment: Hold Disclosure: Held