the fallacy in your reasoning is the assumption that a buyer can get all the shares he wants at 43 cents (which may or may not prove to be the case second, ipl would wreck the value of it's existing holding by not buying at 43 as per agreement and third, there are parties that have confidence in what they agreed to in the placement and are not influenced by stock market gyrations...lucky the world is not run by hot copper traders on an emotional roller coaster
cheers, hold and be patient
CNX Price at posting:
39.9¢ Sentiment: Buy Disclosure: Held