placement oversubscribed

If the placement was massively oversubscribed wouldn't you expect those that missed out to be scrambling in at 29 cents or lower??
This isn't happening is it.
It is now completely obvious to me that you cannt trust anything that this company says.
They talk up everything and deliver little.
I have been willing to give them the benefit of the doubt in the past but no more.
If I can get a little more out the share price I too am out for good.
The institutions are welcome to fight over the scraps.
How can a business be handled so badly when the product they are selling has been and is near all time highs?