Theyve made the same mistake as Novonix. The CR was well below market price 55C and markets don't appreciate that and see it as a sign of desperation and signs of underlying risk.. It will go down further IMO. I Have been burnt by this before and generally see a little rally by the pumpers after the shares are on the market, then they drop to 20pc below the CR price. The SP was 55c begore the announcement. Why didnt they make a direct discount of say 7c or something. But 13c. Then piggy backs, options. Thats not generously. I see it as desperation for some reason. The market will punish them for that. IMO. But I believe I'm correct.
4DX Price at posting:
41.0¢ Sentiment: None Disclosure: Held
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