RE: QuestionWell Charles, I don't know what the chances are of the stock price drifting below .10, but I can almost guaranty that the SP will trade at .105 at the start of Oct.
Those that have rights and don't want to buy will be flooding the market with the rights before they expire. I don't think it will be hard to buy a bucket full at .005 per right.
The big question is what will happen after the expiry. I'm going to take a wild guess and say that they may manage to get 20% filled. Theoretically the SP fell 50% due to a possible 50% delusion in total outstanding shares. If the delusion is only 20% one has to wonder if it's not a traders dream.
Then again MTM would have only received 20% of the working capital they were hoping to achieve so this percentage will most certainly affect the SP as well.
I do have a funny feeling that it will touch .20 before the end of the year.
BTW I don't own the stock, and I have no intention of buying it. I hate MTM but it is an interesting stock to watch right now.