I think everyone needs to take a chill pill, settle down and...

I think everyone needs to take a chill pill, settle down and take a realistic view about where this is heading.

I hold a significant number of shares and applied for the full allocation in the SPP. I hope to get the full allocation but am realistic enough to expect that this won't happen. There is no doubt that Buddy has a promising future but has a lot of work to do to become a highly successful and most importantly, profitable, player in the market place.

Some of the numbers being mentioned on this forum regarding the opening sp price on re-listing and the price in 6 to 12 months are fanciful. Some are even planning on paying off their mortgage and buying yachts. Everyone needs to bear in mind that the market will value the stock and the market caused the sp to fall back from 27 cents to 20 cents just before the trading halt. I admit there has been a few announcements to suggest that the market may reconsider Buddy's value but this is yet to be determined.

Of course the capital raisings were massively oversubscribed as investors saw the opportunity to purchase a stock which the market had valued at 20 cents at half that price. That is what is called a "no brainier" and you would have to be an idiot, or short of funds, not to participate. In my view the re-listing price will not be determined by the over subscription rate, it will be determined by what the market decides.

I agree with some other posters that if it re-lists at close to the 20 cent mark there will be significant profit taking so long term investors will need to hold their nerve and ride the roller coaster out.

Of course I could be entirely wrong as this is my opinion only. If I am, and the re-list price is significantly higher than I think it will be, then I will be the first to admit my error.