it is the free option, that makes it still viable to participate if even at or below 1c. Should get supported with rights uptake. But management need to be thrown out. Didnt need to destroy the registry if the outlook was so good. That is troubling. They have just made the registry balloon 3x (2-1). 1 new share, and 1 new option. for the existing.
That said, it should form some sort of base at 1c, And potential rebound to maybe 1.5- 2, given the 2 or 3 x shares plus ops (reduces the previous 3-5c average price say, now for same MC, is lower sp) Although i dont know the history of this company enough to comment on the slide from 5c to 3.3c prior to this CR nuke. OR overly confidence yet on upward movement.
I'm just looking firstly at market statistics, that CR usually get hit, and afterward rebound to the same MC, but larger registry.
Has anyone called the company yet, to ask them WTF were they thinking? CR registry bomb.
OSL Price at posting:
1.4¢ Sentiment: None Disclosure: Not Held
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