A strong and what looks to be a deliberate sell-down on this one, and it has been so for weeks. I am wondering if this push down is to get the share price down to .001 for an underwriting agreement- if there is to be one.
Having bought in @ .004 on the promise (ANN) of a placement for which the 3B never arrived post-ANN, I am hoping that the company does the right thing by shareholders here.
There is still an opportunity for the company to make a placement @ .004, as promised. It would be awkward, of course, and the current selling would be unlikely to occur if that was the case, but it would protect the company from having made an ANN where it was said that something happened, but it looks to not have happened.
- Forums
- ASX - By Stock
- dear magna mining directors
A strong and what looks to be a deliberate sell-down on this...
Featured News
Add MAN (ASX) to my watchlist