The question to ask then is at what price are they aiming to dump. Probably somewhere between 1c to 1.6c.
Coordinated pump yesterday with GTG to get people into the rights offer. That's all it was. They think that we're stupid and can't read market depth. Have to add, even though this pump is underhanded, the raise may be legitimate to progress their product distribution. So as usual of strayan small caps, manipulate and bend over retail investors to get the money that you want. But also in this case, it may lead to a company with a product in the market.
If it was me in this stock, I'd take up the offer, bring down my average holding price and get the hell out as break even hits.
3, 2, 1, Cue the paid pump and dump shills..............
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Ann: Rights Issue Offer Document, page-23
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