Correct Stock Doctor. Lots of lucky holders who are in at 1 cent.
Basically WON's market cap got severely punished due to a lack of activity and they hit the market at the low point to get funds to be able to do a deal.
Now that there is a deal - South Crackling - they look ridiculously cheap.
Because of the 1 for 1 there will be plenty of sellers along the way. However until the well spuds, spec funds will look to WON for a home so buying should hopefully continue to outweigh selling. Just have to hope there are not too many big hitters from the placment ready to swamp the market to take profits. The higher trading the volumes are the better we are off as hopefully it is shaking out holders from the placement.
