One thing is absolutely certain.
Bell Potters will guarantee the price will not drop below 5c. Its a given!
They would have underwritten and got a fat fee for doing so..the 120million share issue at 5c.
They can't let it go below 5c or they will end up with a truck load of stock coz they wont be able to place it.
So we know the base trading price. We just son't know the upper ceiling it will trade at.