why china minzhong drop until 69 cts?

I hope they have taken the following measures:

Fire-proof the finance department. Station a fire or security officer at the door 24/7. Have 3 working fire extinguishers on standby.

hahaha...

Now, Glaucus has mud on its face, shitty mud. Glaucus deserves it!

infopub.sgx.com/FileOpen/CMZ_CompanyResp...cement&FileID=254770

I figure that the stock will trade 80-90 cents after the rebuttal.

However, this could change depending on what they next announce. Trading halt applies until another announcement (today???).

The offer price should be the average of a number of days preceding the halt.
It bought more than 14% at $1.12 and can offer slightly lower for the rest of the shares. The short-sellers will get their fingers burnt this time. It is high time to teach the short-sellers a lesson, especially there is not much truth in the allegations.

In the interest of shareholders of Singapore-listed companies, these short-sellers which make factually incorrect claims need to be sued once and for all to deter them from making such claims in future unless they have done 100% extremely thorough research. If they are incapable of fully obtaining the facts, they should be shutting up. The unwarranted panic inducement they are trying to profit from is harming honest shareholders like us. Sue them once and it will act as a deterrent in future.

Yeah, sue until their pants drop!

However, from what I read, legally it's not an option, since Glaucus is based outside of SG jurisdiction.