without some compelling updates on company progress this thing is going to continue to crash as all the buyers dry up and wait for their 20% discount in SPP. Could be raising in the teens given the stupid way this has been run and the possible impact on markets due to geopolitical uncertainty. Total cock up. If all they wanted was $3M they probably could have got it from a single insto at a 5-10% discount when the share price was between 60c and 70c.
I feel like they they have something tricky up their sleeves. Maybe some good news to boost the SP or maybe a deliberate ploy to dump the SP so IG or other insiders can grab a fistful at crazy low prices. Something seems very wrong and off about this.
ASM Price at posting:
58.0¢ Sentiment: None Disclosure: Held
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