'Definitely want back in though' - id wait to see when the vendor gets its shares and starts selling to see if the volume gets absorbed or sold off bringing the price below the prospectus price of 20c (3.5c pre consolidation) .
Plus want to see what the asset value is in the prospectus. Vendor could get $49m for its shares at the current price and i bet the asset value is a fraction of that. Whats stopping the vendor setting up again flushed with all that cash.
MEJ Price at posting:
5.9¢ Sentiment: None Disclosure: Not Held