Its not as though this is a large placement. If MAK actually withdraw their offer Mawarid would have been better off buying up all the cheap stock. When the price plummets. Instead they diluted the current stock. To be honest with you I think this is all insane. I mean some kind of stunt on UCL part. It is amazing what directors will do to hold onto their jobs. Alson what they will do for a few dollars to keep their head above water.
UCL Price at posting:
27.0¢ Sentiment: Hold Disclosure: Held