The offer is likely to be a non-event. It is a chance for those who oversubscribed the rights to exit at no loss. Price will be supported at MGO price a major market crash happens.
There could be some excess rights subscriber at 0.08 who thought they will not get full entitlement but turned out that many of them got 100% excess allocation. They can reduce their exposure
There could be some excess rights subscriber at 0.08 who thought they will not get full entitlement but turned out that many of them got 100% excess allocation. They can reduce their exposure
Good to continue monitor the volume and bid ask volume to have a sense of the selling pressure absorption. Once selling is absorbed, its time to play up SMM on the restructuring story.
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