Isn't Capital A's airline business in the process of selling to AAX ? When this is done before Oct7th., both will be out of pn17 status and new shares in AAX will be given to Capital A's shareholders. And of course the share price will be adjusted accordingly.
All major airlines in the world are doing fine as more people are traveling so revenues improved and so do profits. Share prices of airlines will also improve greatly in coming months. Just hold your shares in Capital A and AAX.
Mercury Securities assisting the sharks to cheat the retailers by doing PP [30%] instead of doing Right Issue where every retailers have a choice to subscribe or not. And ESOS will kill the shares price too.
This method of selling down the shares will eventually destroy the company standing and the sharks don't care about the company business because the financial accounts of the company is highly likely false accounting like ponzi scheme.The sharks probably control the company as executive directors. The accounts are cooked-up to begin with so the shares will be useless eventually. This is my take on what is going on with the current situation with the share price. I hope I'm wrong.
To me, the forum is a place to teach the newbies what to expect trading in share market for investment purpose whether short or long term. Please dont try to con the newbies into buying the shares with ulterior motive.
This stock is very tricky indeed but dont give up yet. There will be a chance in the near future that it will rebound again for possibly the last time before the warrant issue. Dont buy in one go because u dont know what price is the lowest and same for sell.
IMHO, very very few small time investors are willing to buy above 80sen, so if the sharks or fund managers are not going to buy in huge amount above 80 - 90sen then obviously the price will fall down like what it did yesterday and today. If you will to sell above 90sen, you better be prepare for several more months and have the patience to wait and wait. If OTB is willing to buy above 80 to 89sen then, I am sure the price of WONG could reach your target of $1.00$$$. So dream on.