noticeable

I noticed that whenever BW Equities handle a Capital Raising, the share price settles a good thirty per cent below issue price, having been a good twenty per cent above beforehand.

Evidence? CXY traded before around 0.007/0.008
Issued at 0.005
Trades now around 0.003/0.004

MSR (Manas Resources)
Before Traded around 12/13 cents
Issued at 10 cents
tradiung now around 7 cents

Luck? Bad luck? Managed? Deliberate?