Yesterday I bought just 2000 shares to see what the adjustment would be and within a couple of minutes my shares were replaced on the Ask side, i.e. such a low quantity made no difference.
This morning, seeing the price appreciate a bit I placed those shares for sale at 0.53C while the asks were still at 0.51 ( 10:40 ET) and the asks at that price changed from 34 to 38. It meant a free $100 to me.
Would you know it, the price hit 0.52 and then retreated. As I write the sp is 0.50. I cancelled my offer to sell.
Soooo, I do not think we will see 0.57 today.
I think we will be very lucky if the close is 0.53. It will go lower than the 0.50 and probably close about that 0.53.
That is my guess due the the sellers still being present, imho.
Any one else willing to publicize their guess of closing price for today?