Hit the nail on the head mate. The post consolidation drop is purely based on investors illogical reasoning. In the past, when the SP never recovers, I've seen investors hang the BOD out to dry slamming them for the decision. The BOD has always blamed an irrational market they are in for the reaction. In some cases I've heard the BOD say 'thats why we are listing on XYZ exchange'. The move never fixes things. The same action on the exchange they move too occurs in similar companies already there.
The illogical state of investors is 100% why I was against it. Nothing to do with the company themselves. Fundamentals are unchanged.
Ann: Change in substantial holding, page-63
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$2.38 |
Change
0.160(7.21%) |
Mkt cap ! $353.2M | |||
| Open | High | Low | Value | Volume |
| $2.25 | $2.38 | $2.19 | $1.896M | 828.0K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1096 | $2.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.38 | 105071 | 2 |
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