"This is anticipated to occur prior to 21 December 2010."
Being Perth based, with the 3hour time difference. I'm tipping late Monday. Just after close 5.38pm. Gives you the night to digest info before buying/selling following day.
People on holidays can and does affect sp and volume, but often in a positive way. I see more pump and dumps occur late December - Mid January than any other time.
It shouldnt make too much difference. Its not like the buyers all go on holiday and leave behind the sellers.
The initial Komodo pitch involved a cosolidation that would have an end result of capital being raised at 13c.
I have been unable to ascertain what, if anything has changed. But I have tried to get an allocation(originally agreed to but expired) and have had no luck.
Reading the announcement, perhaps the roadshows were so successful that they only want/need fund managers and corporate investors now, after initially planning to place to retail.
Either way im sure an SPP will be involved. But i would have liked a small placment in addition to SPP.
MHL Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held