CTO citigold corporation limited

Ann: Share Purchase Plan, page-3

  1. gmt
    8,255 Posts.
    lightbulb Created with Sketch. 158
    Surprising there wasn't any sophisticated investors to take a placement even though the SP had mysteriously risen circa 40% over the past few months, got to wonder why it sold down in the last few weeks

    Offer price is 20% discount to VWAP closing market price of the previous 5 trading days and circa 28% below the last SPP price of .009c 1 year ago!!

    Where are those "potential interested partners" ??

    Working Capital= Salaries

    Will we see the Directors that hold no shares get on this once in a lifetime offer??

    All my humble opinion of course.


    DYOR My thoughts and ramblings only
 
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