I'm not sure on what bases the CR price is usually chosen,
But to me it seems like this
Market sentiment has been unfairly cruel to FXL and management likely didn't expect such a downturn when they announced the CR price.
It's a constant issue of market giving preference to APT and Z1P, that's a whole other can of worms that I'd like to do a post on but anyway
The CR "failure", as it can understandably be described as, was either a lapse in judgement on managements behalf which is understandable because this market makes no sense, or no one's fault because the price action was unprecedented.
I'm not sure if it's reasonable to call the price action unprecedented.
Just a thought, I'm not here for absolutes
$2 Club, page-50
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48.5¢ |
Change
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Mkt cap ! $238.3M | |||
| Open | High | Low | Value | Volume |
| 47.0¢ | 49.0¢ | 47.0¢ | $114.0K | 238.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4000 | 48.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.5¢ | 2682 | 1 |
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