Ann: Algae.Tec completes oversubscribed shortfall placement, page-4

Hi Virtu, this type of action is commonly seen after a rights issue, due there being no restrictions on the selling of the acquired shares. Like basic economics explains as the supply in something goes up the price usually goes down, commonly known as dilution in this case. I think more importantly to look at rather then look at the current share price is the liquidity. The past couple days have seen good volume being put through the stock, this at least means that people are watching the stock. Stocks often find themselves under valued post a rights issue due to this dilution, this is a perfect example. The company was trading at circa 4c before the rights issue and before the announcement of the marijuana business ventures, it does not make sense that the company would actually be worse or or worth less after the marijuana collaboration. In due time and once we see the 8M actually being used correctly, I think you will see the price begin to return to where it was if not higher.