Yes, it could be worthless tomorrow or it could be up +30%. I think the latter, and it is a very ST trade for me.
Certainly company will likely need capital after a 100m writedown, and better to raise it at a higher price.
Hence title 'roll of the dice'. If I get snakeeyes, Oh craps.
I hope the top shareholders should provide any lift after the dump if there is going to be one.
I am not trying to suck anyone into this, so I have changed my sentiment to none. Dont mind the spectators having a laugh at me if the trade goes tits up.
TCQ Price at posting:
7.3¢ Sentiment: None Disclosure: Held