RE:100 to 1 roll back is much worse than I imagined possibleI think it really depends.
if someone is not in a financial position to take advantage of the offering fully, they will probably sell some of their common shares at 3.5 cents (or whatever the price is) so that they can maximize their purchase of the offering at 1.5 cents.
so I would expect some downward pressure on the share price in the next week or two
That being said, we will get to a point where this maxes out.
It wouldnt surprise me to see the share dip to 3 or 3.5 cents per share.
I'd be surprised if it dropped much beyond that. 2.5 cents is a possibility, but I'm thinking that a lot of people would have to be in the position described above for anything below that to happen.
Funny thing is... I was about to buy some more shares, but I'm now holding off to make sure I can take advantage of the offering.
so I can definitely see a decline in the share price coming.