Its not good to announce lead managers for a capital raising without specifying a price.
If I was Renaissance Capital1 and BGF Equities, I would suppress the SP to get the lowest issue price.
Perhaps this is happening?
I wouldnt be surprised to see this finish in the red. The manipulation and negative vibe felt by the trades going through has really hurt this company.
So sad...
PS: I wonder what excuse sunrise has for this suboptimal SP performace post 'the big' announcement.
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Its not good to announce lead managers for a capital raising...
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