Amazing.
Thought the freefall would have started this afternoon.
Apparently these boys operate on an 'understanding' so the sellers today would mostly be those who thought there was a stag in this.
Given that there's no escrow & shares are zero for the original shareholders and 8.6c for the promoters, there will be selling soon enough when the company starts pumping out the 'good' news.
Apparently these boys operate on an 'understanding' so the sellers today would mostly be those who thought there was a stag in this.
Given that there's no escrow & shares are zero for the original shareholders and 8.6c for the promoters, there will be selling soon enough when the company starts pumping out the 'good' news.
Plus SMS, SeaDragon & Snakk anyone?
Good news coming in August I reckon .....maybe even late July
”When investors are euphoric, they are incapable of recognising euphoria itself “
I've completely stayed out of this and didn't bother researching until today for a bit. I don't need an answer to this but how the hell did this get valued at $50m??
Now that I got it out of the system I move on to better things.
Imho this is the type of crap float the desperate NZX takes on whereas a higher quality float from NZ these days would head to the ASX
It's an existential question for the NZX and its reputation.
Originally Posted by silu
I've completely stayed out of this and didn't bother researching until today for a bit. I don't need an answer to this but how the hell did this get valued at $50m??
Now that I got it out of the system I move on to better things.
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