IMHO I think they will do something like; give everyone who applied what they asked for up to say $5000 but scale back any requests for over that. But the wording was interesting and gives us some hope that they intend extending the $10 million limit. As for the share price: Most companies that have successfully raised capital in the current environment have had there share price rerated in a positive sense by the market. Also the latest strength has been post the retail offer close date of 18 Sept so there would seem little reason to continue to support it artificially after that date. Besides the retail offer is tiny in the full scheme of things. I'm not one for conspiracy theories. Except for shooter on the Grassy Knoll. The part about the allocation will be answered Monday and I think the share price (apart from any full market downturn)will remain strong given a continued improvement in the economy. One thing that is very obvious is that Skilled is very open to the whims of the financial cycles and I think many will get out quickly at any whiff of the economy turning sour again. Just MHO.
SKE Price at posting:
$2.14 Sentiment: Hold Disclosure: Held
