They make a placement at a 27% discount then have the gall to brag it was Oversubscribed!!
I mean, any fool that was offered the stock at 55c below the last traded price would have jumped at the chance.
For me, I sold off a chunk at the opening this morning. Have learnt that it is always pretty safe to dump out as soon as the market re-opens after a placement. There will always be some that will look for a fast profit on what they took up.
SKE Price at posting:
$1.82 Sentiment: None Disclosure: Held
