The lead manager obviously allocated the stock to the wrong people. Too many traders given stock is my opinion given the sellers lined up as soon as it opened. No big hitters prepared to mop up the loose stock. Awfully handled.
MRG Price at posting:
$1.24 Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.