This is perplexing.
From the last time I updated, the stock has only released good news. And yet, it's continued its slide and is now languishing at 3.1/3.2c. I really don't get it one bit.
Maybe it is the outstanding warrants which will dilute the overall float (10B to 11B approximately), yet it doesn't fully explain it since the enlarged float isn't as large, like just a 10% increment, translating into maybe a 10% lower than current valuation.
Given its current price, its market cap is approximately SGD 300mil, which is very low considering than it has won contracts double that amount already.
Highly perplexing.
I really hope there's nothing rotten going on behind the scenes man.
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