I agree with your sentiments Dabru, but from what I have learned the new capital comes from serious fund type interest. The 1 for 4 option would mean their real placement price would have been around the 3.6c mark which is where the Lind line was dealt on market a few months back.
So I am happy to have the bigger money players come on board and no doubt they will be looking for greater holdings as this Cap raise was well over subscribed from what my broker told me.
I have done my best to exit other dead dog stocks and re-average my position after paying up to 5c pre-consolidation.....and yes the oppies we had to pay .004c for are my big leverage position.
Good luck, let's hope their is a massive acceptance of the Turbine once it's launched.
Hope all shareholders get one in the mail to test sample!!
Cheers
Ant
CGP Price at posting:
4.3¢ Sentiment: Buy Disclosure: Held
