A 4 cent open tomorrow implies a greater than 75% decline - could happen, but knowing Aussie retail investors, they will buy the dip so hard if they see even a -50%, that it makes me think 75% is unlikely. Maybe it never trades above 4c tomorrow, but I'll take my chances. (Yes, the intrinsic value of ATH is probably less than 4c, but look at ESK, SPT, all the BNPL's... and tell me that the market trades on fundamentals.)
What will happen on Nasdaq tonight?, page-95
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