VCR ventracor limited

*** going to get smashed ***

  1. 3,567 Posts.
    Ouch,

    I can't believe they issued so many shares at $2.25 a share when the stock was well above $3.

    This really does stink and I think the stock will get smashed unfortunately. Hopefully the pain is over quickly but it could spell a quiet period like EPT had.

    EPT fell from $1 to $0.60. A similar fall for VCR would kill most traders in the very short term.

    Any opinions as to what the price will do on re-listing??

    I'm tipping a open lower at about $2.90 followed by a quick fall to close to the issue price, maybe $2.35.

    Cheers,
    Munch.
 
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