174,000,000 shares on issue is not very much, $2.05 is lower than open yesterday, IPO is $1.41 which I believe is fair value. LBY will have to prove itself on the sharemarket first before it can justify being over $2.00. 1st positive quarterly will see to that and also some encouraging announcements hopefully soon through the market. From here I can see it dropping to IPO price with profits taken and then bouncing to start the chart technicals. Remember this is not immune to shorters just because it's a new listing. Best of luck ya'll All IMO
