It didn’t get smashed down to 0.029 yet because there is only 10m odd shares available. There is another 100m shares to be flooded on market. I dare say this will not stay above 10c for long.
From my understanding, they have always been selling in Singapore and Vietnam officially or unofficially. I don’t believe this is news and it was just something to accompany a pump and dump scheme. Pretty obvious someone / firm is behind this and it was not driven by retail initiation based on “news flow” or “corporate fundamentals”
And IMO, this does not change their ability to attract capital. IMO no Aussie broker firms will back this again.
OSX Price at posting:
9.6¢ Sentiment: None Disclosure: Not Held
