As much as I want to be positive about whole QFY story, hard to find much to smile about.
In addition to major holders selling out, there is tonne held by those who have been managing the capital raise every time since the start. Knowing where this is going they would have been shorting the hell out since day one. Even from last 2 raise they hold tonne of unsold shares. They will complete that first. Not stopping there they will borrow from Tom Dick & Harry and sell. They know soon either company will go broke or come for more shares.Guess what ? It will only be at lesser price only than the previous raise. They are the architects of the whole story. Birth to death. Knowing that why would they not borrow and sell ? They will move heaven and earth to get shares to sell.
They will be looking for consolidation for all of this to happen in their favour. Wont be long !!
Glad I don't hold. My sentiment is sell and Run !!!!
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