Bear in mind that,an underwriter taking up the slack is a double edged sword.
On one hand, the company receives the money they need, but on the other hand, you now have an underwriter loaded to the gills in a stock it is not a natural holder of. In other words, the underwriter will no doubt be offloading shares, which tends to cap the share price.
As well as a seemingly poor return on the assets for Jaya, I have to ask 'why' a public company like Jaya sold out quite as readily as they did?
MRM Price at posting:
$2.37 Sentiment: None Disclosure: Not Held
