jabiru funding announcement..., page-8

They have effectively exposed the company to a takeover by dilution. Market forces can push this down to an incredibly low price (say 40 cents) and still they have to do a bookbuild at that low price. Stock is currently in freefall below 60 cents - I have tried to contact the company but they are in a conference.

Ballantine should be sacked for turning a major positive milestone into a stock meltdown purely becuase he didn't put the company into a halt for the bookbuild like every other company does for exactly this reason.