As siimplecas it sounds, we still need shareholders who are entitled to vote to approve the conditional placement. We have paid a non refundable deposit of over$70m of our money which is forfeited if it doesn’t go through so unless you are into self harm , it will be approved on Thursday. Volume is already dropping off as underwriters get back to neutral. Don’t forget they got the gig because some of their biggest clients are top 10 so it’s a give take market nearing the end of the overhang.
If you think $230m of stock is going to be turned around for 0.2 of a cent , your on drugs.
Assuming you believe in the direction oil is heading ( that’s the question u need to ask yourself) then SEA is the most leveraged way to play the oil recovery. Your not going to make 5 times your money in Beach or WPL or STO. I’m not here to achieve average returns, I want a stock that can create massive wealth and I personally think SEA can do it. In 12 months I will be on my way or divorced , but the stars are aligned and I’m in
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