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hmm to me no make sense to issue new shares at lower price. more likely I suspect they push down now to collect because easier to collect at current price than after conso. then once conso, start goreng.
just look at the thrive,kanger, dgb
kanger recently console 10 to 1 at the price of 0.02,after console 0.200..then now 0.085..so if you buy at the price of 0.02 about 10000 unit at the price of 200..now you only had 1000 unit , at the price of 85 ringgit
so many companies after console, they dropped more