CKA cokal limited
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Ann: Funding Update - 3 Transactions being pursued by the Board, page-9

  1. vontrader
    23,919 Posts.
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    15/01/16
    11:56
    Post #: 16802757
    So a 24c scrip / 16c cash T/O falls through

    Now there is potential ASX merger or floating of holding company to raise $50-100M where they believe they will retain control (implying massive premium)

    Market sells it into 5.3c

    Shows management have zero credibility and the market doesn't believe squat
    CKA Price at posting: 5.3¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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2.9¢ 		Change
0.000(0.00%) 		Mkt cap ! $31.28M
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