The institutions that subscribed to the last right issues are...

The institutions that subscribed to the last right issues are probably cashing up their 40%+ profit!
That is the problem to give away cheap shares to institutions rather than the shareholders. We are now going backward again until the 100 million or so going through the profit taking!
It maybe a good time to top up or for NCH to throw their weight and offer us 40 cents each for the full takeover?
I would be happy to sell at this price!