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Ann: Quarterly Activities and Cashflow Report, page-103

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85 Posts.

19

01/07/21

15:25

Post #: 54212460
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Originally posted by Aussie Eagle: ↑

Oh, by the way, be prepared for this from the re-listing details :-

524,190,808 fully paid ordinary shares classified by ASX as restricted
securities and to be held in escrow until 16 August 2021, being 24 months
from the date of reinstatement to Official Quotation.

I think these are for MCL management ?
Anyway, they represent $2.6M @ 0.5c but (if) as soon as they start to get sold off, it's anyone's guess as to where the sp could tank to.

In the meantime, imo, there is a good chance that the sp could be manipulated back up to the 0.8c area (to facilitate some offloading of this escrow) which could open a door for anyone buying/risking at the current prices.

Buyer beware, dyor

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Come on man(s), you got to deliver. Otherwise, it will:
1/ show that you are bad and useless people.
2/ shut down the business.

CGB Price at posting: 0.5¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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