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Rights issue dumping. People who got the RI worth 8sens many of them are selling. The fund raised is for the glove factory. Yes glove doesn’t have good sentiment now but still the compny is diversing it’s income sources which is good and already had orders locked in for their gloves. Just wait until volume goes down a bit before the share could find its value. 9sens below is a good entry. Be greedy when others are fearful and be fearful when others are greedy.
Being dumped of course. Look at the volume and it correlates right after shareholders received RI. Once volume stabilizes short term if sentiment gets better can at least go 12-14 sen. Market cap also not too big so fluctuations could be quite big short term