I think there is uncertainty about how much dilution will eventuate and there must be others like you that are baling...I realise you are converting some. I also took a small loss on a parcel I traded a few weeks ago and am now converting the rest. You will have to hold for a while though because I think there will definitely be other investors that have a short term horizon and looking to liquidate. I am expecting the SP to fall below $1.00 very short term before consolidating around $1.10.
I will be staying around for a while to see what they intend to do with the new capital. Many opportunities still IMHO. See my post today on MSX thread for a few of my thoughts.
regards DF
LRF Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
