I agree ----- I think the price was driven lower by instos who wanted a bigger position. Typically the underwriter of the SPP. Utilising algos they drive down the price and keep a cap --> stop losses get hit and spooked investors sell. All retail and small holders then dont subscribe to the SPP --> underwiter gets a very large stake and then lifts the cap off. It rockets to 3.50 in a jiffy.... watch this play out soon
ZEL Price at posting:
$2.70 Sentiment: Buy Disclosure: Held
