A micro cap company that has grown fast but somehow, curiously, the price never moved and promoters kept on increasing stake by issuing warrants to themselves. Then comes a bit of price appreciation which suddenly is checked by a fire that cuts down the production of the company by 40% and obviously company reports a huge notional loss. The price tanks. Now suddenly at rock bottom prices, the stock starts its UC journey with pending orders of around 4-5% of company equity. Its clear something is cooking and predictably after the prices more than double there comes a fund raising announcement , either by an FPO or preferential issue. Ofcourse I am not suggesting anything, but just sharing a thought. Interesting things happen in the markets. God Bless !!
Note: THIS IS NOT A RECOMMENDATION. PEOPLE SHOULD NOT BUY IT