Ann: Appendix 4C and Quarterly Update, page-157

I don’t understand how 8.5 million shares issued at 1.1 can affect the SP that much when there are 350 million other shares to the company. Maybe I’m not reading the share issue correctly.
I am more on the argument that the price at 1.6/1.7 was short term over bought and the announcement triggered a correction from profit takers/weak hands. I think it is still heavily on the way up. No stock goes up directly like a rocket