'I have never seen a more diabolical drop in a shareprice due to...

'I have never seen a more diabolical drop in a shareprice due to mismanagement of a capital raising.fairdinkum.....'

can we really blame MNM's management because european debt issues drove global equity markets down 10% in the intersuisse CR period, and triggered their contractual out clause as underwriters? probably not.

as for the change from 7.5c to 6c, that would have been cygnets demand to u/w the CR given the market is still lousy, and europe could fall off a cliff at any time.

in this kind of market micro caps like MNM do not get to call the shots about CR's, the guys being asked to risk their money do.