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22-11-2013, 09:56 AM
#3621
Originally Posted by clip
I don't fully understand that release, does that mean they are releasing additional shares now, on top of the previous capital raising? Any likelihood of them going to sinopharm?
HOpefully that is just the last of the current round of capital raising at 1c. I assume they still had a pool of unissued shares left after the SPP didn't raise the full amount.
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22-11-2013, 09:57 AM
#3622
Member
These extra shares were part of the $4.33m figure mentioned in the 14 Nov release:
A total of $4.33 million has been raised. This includes funds for share
placements already received of $2.33 million. A share purchase plan available
to all shareholders generated $1.39 million. A further $0.60 million has been
pledged in subscription agreements with funds due to be received in late
November, 2013.
Someone obviously just had to free up the funds, and now they have arrived. Not sure who it is - there's the possibility that it could be an initial stake by Sinopharm. Only speculation, but it's possible they 'pledged' the money based on a satisfactory trip to Blis HQ in mid/late November?? Maybe we'll find out soon (or not!).
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22-11-2013, 10:00 AM
#3623
.......Yep that's probably correct HS....so that means they must have raised close to $5m cash now I think, ready to propel this forward.??
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22-11-2013, 10:00 AM
#3624
Existing shareholder more likely if the funds were pledged before the visit.
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22-11-2013, 10:02 AM
#3625
thanks all for explanation
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22-11-2013, 10:25 AM
#3626
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22-11-2013, 11:46 AM
#3627
.....HA!......as expected a few of the "short sighted ones" have appeared........they will be left with a little small change in profits but a whole lot of regrets come the next few months...IMHO
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22-11-2013, 11:47 AM
#3628
Last price 0.025 now - even though there were asks at 0.027, someone just dropped 15k at 0.025 - any thoughts as to the reasoning to this? trying to start a panic sell-down/downtrend to pick up more shares at a lower price?
/edit I see you are watching as closely as I . This suits me just fine - took some nice profit yesterday, remaning shares less than .15c cost to me. Looking towards another chance to get back in at a nice price today
Last edited by clip; 22-11-2013 at 11:50 AM.
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22-11-2013, 11:50 AM
#3629
Originally Posted by clip
Last price 0.025 now - even though there were asks at 0.027, someone just dropped 15k at 0.025 - any thoughts as to the reasoning to this? trying to start a panic sell-down/downtrend to pick up more shares at a lower price?
/edit I see you are watching as closely as I
Dropping for the same reason it went up Clip. Now that is a bit of a worry.
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22-11-2013, 11:51 AM
#3630
Originally Posted by clip
Last price 0.025 now - even though there were asks at 0.027, someone just dropped 15k at 0.025 - any thoughts as to the reasoning to this? trying to start a panic sell-down/downtrend to pick up more shares at a lower price?
/edit I see you are watching as closely as I . This suits me just fine - took some nice profit yesterday, remaning shares less than .15c cost to me. Looking towards another chance to get back in at a nice price today
Looks like a small order was traded at that, which then likely triggered a larger stop loss.
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