goarmySee you still struggle with this, so just let you know...

goarmy
See you still struggle with this, so just let you know that, as far as I know, technically, a company can't sell the "left over" shares from previous capital raising directly on the market. These shares can only be issued through off market subscription. (So it wouldnt show up in the market depth)

If the company is issuing these shares in different price, it must announce to public prior to the transfer (usually with a trading halt as issuing 30M shares with different price is a significant event in this case)

It has been more than 3 months since the Rights Issue results and Underwritten Shortfall Allocation announced, normally, the unsubscribed shares would just been cancelled.
So just move on.

MUN is low liquidity stock, few $10K can drive the price up/down in 10 %. Portfolio adjustment from big firms would have big influence on the share price easily.

Still few more weeks till the report comes out, I am nervures as most shareholders, we need a solid report this time.just hate to imagine otherwise .