Let’s wait & hold and see how it goes.
SCM is diversitying their business to renewable energy sector so in the long term, there should be recovery.
For the short term till the rights issue, I think price should not drop too much. If price fall below the current support level@$0.12, it might go further downto $0.08.
So during the rights exercise, let’s wait till the last few days and see how the market moves. If it moves further than $0.12, then we can load more if we want to get more shares since it’s 3:2 ratio.
Assuming stocks fall below $0.08, then better not buy anymore. We should just grab when trading resumes in the open market.
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