I hope it has as many legs as an octopus, Puppies. From the ANN's, I don't think we'll be trading- post-consolidation- until 21 November, so a bit legless until then.
The reason for trades not reaching .002, but only .001, is that we have been told that there will be a 200:1 consolidation, and that we will begin our post-shell life as a 20c share. So, if anyone paid .002, they would be paying double what they could buy for post-consolidation- they would have to be pretty desperate for the shares, and I have seen no such desperation yet!
I am not entirely sure about this, because there have been buys since the raising, but Patersons owned about 1.8b of 2.7b shares- so $1.8m worth or 2/3 of the company, from the underwriting. I figure they'll be looking to identify SI's or others to invest in our new company.
The notice of meeting should be despatched soon. >9 weeks to go.
