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RBY - Rockeby Biomed

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It is quite easy to explain why:

The placement at 1.5 cents is complete, and now RBY is cashed up.

Also note director has been buying on market too.
 
I believe placement to existing shareholders is still going on until the 26/10/2006. Am I wrong on this as I am planning to send my application to buy some more today.
 
Fab said:
Close at +37.5 % not a bad day
Click to expand...
Statistically, only about 2% of shareholdings could have been purchased below today's price.
So only one in 50 people could really have a right to smile.
But always good to see a favourable result - for how long now is the question.
 
Fab said:
Not sure I understand what you mean. Can you explain ?
Click to expand...
Find a random collection of RBY shareholders and ask them how much they paid.
The probability of more than 2% having paid less than 1.7cents is about 5%.
Alternatively, look at a price/volume chart for RBY over the past 3 years and you really don't need maths to work out the stock is a dog.
 
You might be right this stock could be a dog but how much lower can you get when you trade at 2 cents + if their quick test work this sounds very marketable to me and probably not expensive to produce. I like the idea.

Another comment on RBY: I also like the fact that directors are buying extra shares. It is always a good sign that someone like a director with inside knowledge buy into his company.
 
The MD spent $8k on more shares.
What a pittance.
More importantly, the share price rise today gave the MD an extra $1m which he can realise on sale above 2cents.
As for the extra capital raising, it will last a few months at best if the cash burn rate continues as per normal.
Definitely a stock to be avoided.
 
Rederob,

I agree with your comments nevertheless it is going up over 30% again today in big volume. This makes this stock very interesting now . Very speculative too.

 
Fab said:
Moving back up after going to test the 0.027 I like that
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Fab
There is a "gap" down to yesterday's close that could be backfilled.
You have a good time playing on RBY, but don't get hurt.
I am enjoying the last few weeks on MRE, without the need for resuscitation!
 
You know when i was looking at yesterdays breakouts i nearly put a buy order last night. Then i checked the forum and agreed with Rederob's comments...and still do. But it would have been fun none the less. Sure puts you out front in the stock tip comp this month Fab.

Good luck with it, make a mint.

Cheers,
 
Yep. The main reason I am buying this stock again is because I need to average my previous buy which was at 0.048 (not so good) and RBY recently sent to existing shareholder an option to buy at 0.015 which I am exercising today which make my RBY price average at 0.023 .
Very risky stock so but good one for the stock competition are there is always much more upside when you go with a 1 or 2 cents stock (No expertise in doing that just the law of mathematics)
 
Indeed CanOz ,

It is also in trading halt now. My guess is to say that they finalized placement and they are now cashed up.

 
I would say they have been issued a "Please Explain' by the ASX. If they cannot explain the recent price increase (i think anything over 10% or so in one session gets one of these), i.e. is there a pending announcement, then they may drop back a bit.
 
the msg is out. Trading holt on till tomorrow morning when an ann will be made.... Dam insiders driving the sp up after a news leak in jakarta
 
maverick11,

Can you please explain your comment. I am not sure any annual report is due for RBY ? What type of leak are you referring to ?
 
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