Cryptomal ... there was a 1:1506 share consolidation for CRX shares in Dec. So cap raise of 20 cents was equivalent to 0.000132 and close was equivalent to 0.00018. Previous retail investors were consolidated down to no holdings (sub 1000 shares), as the shell was pretty much worthless to begin with.
Only the sophs and institutions in the capital raise at 20 cents got any benefit from the re-listing, so based on 20 cents the close was only 27.5% higher for FCT.
PSF is a completely different kettle of fish, as there is value in the shares held now, we are not being consolidated, and the CR was for minimal dilution. News is unlikely to be released during suspension, as there is no obligation to, continuous disclosure does not apply during suspension. We should expect a lot of newsflow upon relisting day and following on, which is preferable, as news is what creates momentum and eager buyers initially. Opening could be anywhere up from 2.2 cents, those institutions who picked up shares could go for a quick 50% exit at 3.3 or higher. Very dependent on SE Asia launch happening during early June.
