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.
Hold until the news of the ex-date of warrants issue is out then it's time to start selling bit by bit or anytime when it hits above 80sen and sell all if it hits 99sen and forget the free warrants. That's my strategy in this kind of corporate share exercise.