Quote Originally Posted by Anna Naum View Post
Depends on how you see the glass. Two cap raisings now that Directors have had to front up for and that most large investors in the market have passed on.
Quote Originally Posted by Balance View Post
Directors having to pick up the majority of the placement shares do not equate sign of confidence = institutions are not buying the story.
I did mean sign of confidence from the directors, not the market in general. I wouldn't have thought Fyfe would put money in unless he thought it was a go-er. Personally I think I will wait for it to go lower before even thinking about it.

But as one of the few listings on the NZ market this year, it is interesting to follow.