Quote:
Originally Posted by tonidol
Will buy on the floor when they eventually get listed except they are willing to adjust their price to N1 at N1 per share. End of story!!!
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The CEO noted that
“the company intends to apply for the listing of all its shares in the second quarter of 2009”, So
IF they eventually get listed in say Third Quater 2009, will you be willing to buy this stock Above the PP Price ?????
Even if they sell this stock at 50 kobo and list on the floor of the Exchange Next Month, the Price of this Stock will still fall below the PP Price of 50 kobo Due to the Market Condition.
The Scenerio whereby the Price of a listed Equity falls below the PP or PO Price will not last Forever. Infact I Believe that Scenerio will end next year when the Market faces North. So if the Fundamentals of this company is worth the Price & the Risk why not jump in now instead of waiting to buy at a lower price on the Exchange where there is no Guaranty that you will find it at a lower price come 2009.