Usually when dumps occur as has been the case with penny dreadful of late, it may lend to suggest that those selling may see stress being applied to company and share price. In reviewing the trades, market depth, trends and other information, is would seem that the share price is coming under stress.
Maquarie bank made an offer in November, we are now well into Jan and the progress on these fronts looks worrisome. Some may also be concerned of a massive capital raising that may be required, central have been quoted as seeking between $70 and $90 million, ouchhhh if this is my way of bean counter deals of CR.
The debt to money in bank is of concern, this is one reason why the sophisticated have at large stayed away, sophisticated continue to stay away redardless of the promotions and selling of the stories.
By review, this looks like is being set for a fall once selling at these inflated prices have finished, I could of course be wrong.
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