Stock closed last Thurs at 1.70 ex bonus issue - 1 for...

Stock closed last Thurs at 1.70 ex bonus issue - 1 for 1.
Therefore stock price on open should be 85c.
Some people who did not read/understand/comprehend/look/open their eyes/ or all of the above thought that a 20c reduction on opening price would be a good buy!! - they bought at 1.54 and 1.40. - stock closed at 89c - ouch!!!

I wasn't fast enough otherwise I would have sold my whole holding to them at these prices and still qualified for the same number of shares - it just shows you that there are a few uneducated punterts out there.