Honestly no "hedge fund" is interested in capping such a small company to get in on such a small issue at a discount.
The selling over 3 weeks was real selling - someone exiting the stock and being smart about it supporting the buy side and selling into any bids.
Yes Springtree and other funders of last resort do play with the price around allocation times to get themselves a better deal or protect them from someone lese manipulating the price against them.
A smart company would include a clause upon starting to discuss with such funders that they can't participate in the stock until a agreement is reached. Mostly companies who have to resort to this sort of funding are powerless to ask anything.
It would be a big negative for ACL to get tied up with that sort of funder.
If ACL have said they are not doing a issue and management had something firm in the pipeline in regards to finance you cam only hope they can produce good DrReddys numbers and initial trila follow ups and get it bedded down before they are out of $ or breaking banking covenants.
Last bit - timber et al - your allegations are unfounded crap - play the information provided for what it is is worth. Wasn't a downramp just because it was different to your view about market dynamics.
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