could turn out like that....maybe a similar scenario to the MRK...

could turn out like that....

maybe a similar scenario to the MRK recon in 2008. That did the same thing, opened at 3.2 after a 1 cent raise - shot up to ~7 cents for the next week or two on pure speculation then was brought down to earth quite hard (even after it announced its acquisition)

Inherently there are risks with a reconstructed Co. ; Risks that the minor amnt of cash may not assist in the acquisition of something good ?, risk that if the acquisition invokes Chp 1 and 2 of the listing rules, will the Co be willing to effectively front the cash to go down that compliance path? And risk that the whole play is effectively a way for the proponents to make 6 - 8 x there money in a few weeks to unsuspecting punters willing to pay it upon the Co. re-listing.

The Co has a current mkt cap of what say $9.5m at todays close and ~$1.2M cash. Are we serious ? ? Surely the value of speculation of a potential acquisition sometime down the track is not worth over $8M today...and the actual retained assets....BDO has them worth $10K, a nominal amount to satisfy the ASX of a going concern......

for the 750,000 shares traded today , wouldn't take more than that to get price back down to maybe just over a cent.

Could be wrong, thing could have a cracker acquisition teed up and we may have Xmas in July!!

Good luck