Originally Posted by
Mbro
I too have sold a large proportion of my NTL - the November options I stacked up allow me back in at 2.2c....if its worth buying back in after the next announcements take the price up above 2.2c
Given NTL only got $1.7m from the first round of the SPP, & in the process kneecapped the $2.4m they would have got anyway from us November options owners, they better be good positive reasons, lol, or options are worthless. Not currently how I saw it playing out, & just waiting for some rabbit being pulled out of a hat!
Given top shareholders only have a small proportion of company, my main consolation is I don't see this is a rich pump and dump for anyone. Although 200 to 300m shares have changed hands since Dubbo announcement, bought 0.5c, sold 1.9c to 3c, say $3m to $4.5m at a guess. Or was it 3 shares for 0.5c?