The share price is likely pressed down by big sharks to induce shareholders to sell.

Once they collect enough and warrant F is out, then they will push the price back up. Common dirty tactic by these sharks.

In this announcement: https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3127823

It states that that Censof is allowed to issue 100,351,785 shares for its 20% private placement.

In a separate announcement: https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3140412

50,522,650 has been taken up by Tan Chean Suan @ RM0.287. Tan Chean Suan is a substantial shareholder holding 77,844,750 shares (14.095%).

This means there is a balance of 49,829,135 shares available for private placement.

The most logical and highest probability for Censof's price movement in the near future is that the price will not break new high in order to depress private placement.

Once the balance 49,829,135 shares is placed out, the price should challenge its previous high at 56.5c.

Upside is approximately 25.84% from current price should it hit the previous high.

Perhaps it could follow DNEX's footstep: 20c to RM1.05 then slowly drop to 65c before rebounding back to 75c?

DNEX's proposed 30% private placement (891,610,200 shares) has been approved in this EGM: https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3158406&__cf_chl_jschl_tk__=5be5dddd62f15894b936e0368a34b2ff6a853818-1621993356-0-AUAl-2whsfmbfRLO0LQ-T4lwNqzZszi-DcW4x73vDozwzHZTidIdcbs-gyqP3QH5xCseXI_7V2ZwRJGud0zdF7pLk0rqLzCfcDAbTs35003KZwA7Ay9xrizkuHq9zDrihoagseAPJFjKbXy7PMnkkEBNjW9GQiAihDzlG_oHfxFJo0MjryoAqvX8wjkOzYBNNZ3gbRKRU0VbvNjwkSujygRhOgrkVqkusQcTnSiUQ5wngc4PI1-991ebG_6PqVWfbdLej5VVtFAlSN2Aw0N-wiYecR4uU8jO17SbxtSVFJaouL-3liYEZUkcm9Oh52KYKBp7IZHYtVjlOtIhlRQhfq9O281Az_9OzZCVDd4qfF4KMZbfgGH3fkz9o8N2AzfrLqFJToM8UM4fa3Rr0BGH4qDxoMw-vpazB4ZJqmL6xSYzkdCaLYap3GUAviqh652Q7Nr-EI4A77GGyMHWbhGDXP0BTFfzgAuASdrP34wR7Gltt8xlJY2LF_oADXIosE4FPnglJhei4ssalEAjqCwa97qSfcDumk0vDn0YDOehcRaYFwuVwWtX7anOCBNyIjTpl4QVN6lGoyuShxUcXDtYd2I

The next most likely price trajectory for DNEX should be hover around this price or slightly downward pressure to as low as RM0.65 in order to fix the private placement price as low as possible.

Once the PP price is fixed, the price should start moving to challenge its previous high of RM1.05.

This represents approximately 42.86% upside from current price of RM0.735.