The announcement about right issue has created panic selling by the existing investors who are not willing to come out with extra capital and the price plunge down to 0415 as at Friday. Today the price keep coming down however, there is like a buying momentum coming in at 038 to 039. Is this the point of reversal?
the company is facing financial problems in repaying its debt. The stock has been down trending since the election. Lets see how the management can come out with a regularisation plan in the coming 12 months. The Gant fan can become the indicator of price movement.