Reminds me of MR.DIY, which also gave everyone 100% if I remember correctly. But it turns out not too bad on listing day, those who held on should have made some handsome profits.

That's why I mentioned "those who held on". This kind of counter, it is easy to manipulate investors by letting it slide at first, creating fear to lure more people to dump their shares, then only the sharks come in later to swoop up the discounted shares and pump it up. Question is do you have the balls to hold on when you see the price falling below the IPO price?