The only reason the share is at current price is everyone could get as many shares as they wanted in the shortfall offering even if they were not holders. It would have been silly not to sell in the lead up to the offering closing and then applying for new shares at 4c.
This explains the price dropping to closer to 4c around/after closing date.
Today we have received our new 4c shares. Weak hands have dropped it below 4c.
These scenarios are opportunities to buy into companies which are cheap.
MOY Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
