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It’s about to drop to 0.05; shareholders who bought the rights issue need to be careful. The major shareholder is looking to bail—it could easily plummet to 0.01 and end up being acquired by someone else.
Sell the stock at 0.08; otherwise, it’ll soon drop to 0.01 and then undergo a 10-for-1 reverse split—and by then, you won't even have tears left to cry.