Picked a few up at close.
Love the baby and bathwater days.
From my read....This company still has $52m in Revenue and thats looks OK....and stable.... $5m EBITDA, $12m in Cash and only $27m MC.
Whilst 20c is not right anymore......return to 13.5c on this news is a real possibility.
Worthy of a punt here. Massive overreaction. Markets are doing that right now. ASX and ASIC are simply not policing serious manipulators.
This news today should have knocked maybe 10% off the stock to 12c or so after its all it was factored in from 24c.
GG
MBE Oversold, page-278
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