CPH 0.00% 0.9¢ creso pharma limited

Ann: Share Purchase Plan Closes Oversubscribed, page-18

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  1. 394 Posts.
    I'm currently underwater with this one, but personally I think around 69c is about the right price and I'm happy the sp has come back to CR levels. IMO it is necessary for strong move back up in the coming weeks/months depending on when the company makes anns about heading towards/making money. When/if the company management provide information to the market that would suggest/show that the company is worth more than the 69c per share value that the Directors put on it for CR, then surely the sp will rise accordingly. Rather this than another MM stock with their sp being held at 50% above CR. IMO, it's inevitable that stock's sp will fall like a stone and pity the poor shareholders that have bought in at 30, 40 & 50% above CR price.
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