Under normal circumstances but if there is a slight FORMAL indication of deal off, you would think it will go sub penny in no time. Now people selling in fear of that despite LOI is active.
Also without RM, the bottom will be much much lower considering pre RM rumours, the o/s shares were only 750m, now over 1 billion and another 1.5b on the way.
So expecting a bottom is not a thing we are looking for. Instead, we need a little bit of reassurance that the deal is on.
I mean, it's gotta hit bottom at some point, right?
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