The sensible thing to do is wait for the company to provide an update.
The WOO example is an interesting one, they requested a TH on 15 April 2021 and were back trading on 29 April 2021. However WOO have 3.8 billion SOI and their oversight re: issuing a cleansing prospectus was relating to 727 million new shares issued. They had to apply to the Federal Court to get the shares validated, which they successfully did and the stock re-listed.
Anyway, the point here is that previous management made an administrative oversight, and current management are clearing it up. That’s my reading.
OR you can listen to the people who say it’s going to 0.001, that this is ISX 2.0, etc etc.
IOU Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held
