83 million new shares were issued today and, as is the norm,...

83 million new shares were issued today and, as is the norm, some of the subscribers (who were hoping for a short term profit) will sell

its normal for the share price to fall at least 10% below the placement price when there is not enough buying demand

1st bottom is 10.5 cents

if the placement has many short-term sellers, then it will easily fall to 10.0

the raising was done by CPS thus i personally think it should possibly have lots of loose hands