is it because they think the floor is in and can receive the most shares now upon conversion or is it because they want out ahead of legal proceedings?
maybe new project close?
that crossing was over 10% of company
only one 50k note left to go (another 12m shares?)
say 328m on issue at 0.5c
$1.6m market cap and around $2.2m cash
upside is multiples with right project/if legal issues resolved favourably
good luck BB, hope sp comes good - I'm trying to pick up a few for trade or longer depending on news
CKK Price at posting:
0.5¢ Sentiment: None Disclosure: Held
