They still raised a significant chunk at 1c. What do you think those investors and lenders, who have only just accepted shares at 1c, would think if only weeks later they raised at significantly lower. I think there is a strong chance you will regret selling at 0.4c. The new shareholders that got in at 1c (lenders and sophs) are now significant shareholders. They will surely have influence over future raisings and I have doubts that they are going to let their holdings be diminished by raisings much below 1c.
Again it just depends on when they announce the acquisition and what it is. But why would they consolidate before that announcement?... (legitimate question). A good acquisition could take the SP to 2c and then no need to consolidate.
DUO Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
