- ISX will reinstate in the next 2 weeks - At the end of the first day, I'm guessing that the share price will be about 40 cents per share.
No, I don't have a lot of justification for that amount. Just my guess. Anyone suggesting that it's going to open higher is clearly an idiot. I am aware that 30% of shares might end up cancelled. Doesn't change the fact that there are plenty of new risks in there including a covid crash, the chance of ASIC punishment, the chance of most of our board being ousted, the chance that the directors have done other things that haven't come to light yet, etc. There's also the fact that lots of people just don't like being suspended. There's lots of people wanted their money back in the last 6 months and couldn't get it. No one independent has wanted to buy in the last 6 months, but lots of people wanted to sell. Share price will drop. Hard.
ISX Price at posting:
$1.07 Sentiment: None Disclosure: Held
