I would doubt that a cash raising or insolvency would cause the stock to double it's value.
I believe there has to be some kind of good news - a stock doesn't run that hard on a whim. The issue for those of us who are holding is whether the news justifies the 100% increase so far. If not, then it will probably open lower. If so, then it could well open higher (my prefered option) :-)
There is nothing we can do about it now - just have to wait for an announcement and the lifting of the suspension.
Too bad for those who were just day-trading it and didn't want to leave their funds in.
UCL Price at posting:
1.9¢ Sentiment: Hold Disclosure: Held
