This stock has an enormous overhang from 0.8 cent rights issue. There are still plenty to sell from that, I am dreaming about a return to 1.6 cents where I have plenty undisclosed to dump.
It doesn"t really matter how good the prospects are, there is a mountain of script that is in the money and doesn"t want to miss a decent short-term return.
maybe towards 1 cent it will stabilize.
Any sniff of a 1:10 consolidation would be a disaster, be very careful.
This stock has an enormous overhang from 0.8 cent rights issue....
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