sjb, if i was a CSE holder i would be hitting the roof, look at how Kagara got the majority of their shares in such a short period of time, then on the same day as becoming a substantial shareholder, they announce an off market takeover bid that is clearly underweight, but states that this is a 40% premium to 90 day vwap and they have poor liquidity so will help monetise there holdings. CSE, along with the GBZ and QMN have undergone the almost identical slide.
give me a break, this looks so obvious, line it up with other small mar cap companies in the same region and it could be a fore runner for GBZ, PPC could be the stick in the mud here though.
cooperative broker, maybe, could something like this be done inhouse??
SJB, figures for black scholes calculation 1) strike price- 20c , enter as .20 2) current price- 6.2c, enter as .062 3) time to expiry- 991 days 4) risk free interest rate- 4.8% 5) volatility - 120.42%
value of GBZ options as of close tonight 3.09c each.
GBZ Price at posting:
6.2¢ Sentiment: LT Buy Disclosure: Held
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