Pathetic deal. They will need to pump it or who in their right mind would even be bothered buying shares at .007 when you can get them for nearly as low as that on the open market?
But then any pumping will potentially be swamped by all the disgruntled shareholders desperate to get out, plus all of those who have bought for a trade this morning at the drastically discounted prices.
Can't see there being any good news out anytime soon or the underwriter would have agreed to a higher price.
E2E Price at posting:
0.8¢ Sentiment: None Disclosure: Held