Ann: Company Update & Capital Raising, page-110

It would appear that there is a move to lower the share price & derail the capital raising.

If the directors want the capital raising to succeed then they might have to organise a buying spree to raise the share price. If that is to occur then any buying at the current level will prove to be profitable.

If the share price drops below 73 cents then you can buy at a discount to the capital raising.

A similar thing occurred with MVP. In 2018 they had a cap raise at $4.00, the share price went down to $3.56 before rising to $5.84 which made the cap raise successful. The price fell again to $3.48 & a year later the shares hit $11.78. They are now $5.05.

The lesson learned is that buying at around the cap raise price or below should prove to be a good investment.

Insiders, who want the cap raise to succeed, will not want the share price to go below 73 cents because those that buy their original allocation under the cap raise price may not exercise their rights which means the cap raise will not reach its full potential.

Look for buying to raise the share price back over 80 cents.