RGT 1.89% 54.0¢ argent biopharma limited

Ann: Trading Halt, page-19

  1. 1,049 Posts.
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    In my opinion, what makes it even more worrisome is the recent pump in share price is a calculated move from the company. To be honest, I was a bit surprised that the share price was up like 60% even they have taken their words of COVID-19 back. I believed they may have borrowed money to boost up the SP through a third party, so as to provide a "better price" for the forthcoming CRs. I mean I believe no any sound investors will believe in using "natural food supplement" for COVID-19.

    Of course, the above is just my suspicion. But if that's the case, what will happen is the SP will drop back to 1.7c or even lower in a month time.

    Let's see what will happen.
 
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