CPH 0.00% 0.9¢ creso pharma limited

Ann: Trading Halt, page-20

  1. 5,562 Posts.
    lightbulb Created with Sketch. 2207
    I've been watching the same thing happen in this type of company for years.

    How you felt before shouldn't affect how you feel in the present.

    A month ago I hadn't heard of CPH. That doesn't make it have any less or more value to me than to you. If it's not worth holding for me, it's not for you either. If you wouldn't think a friend should buy, you probably shouldn't be holding.

    As soon as I started watching this I saw many red flags. In the first hours or two of researching the company I looked back at the history of the company, matching price movements on the chart with announcements. Pretty clear picture.

    Something I would suggest holders ask themselves is: If they expect the upcoming crop to be profitable, would they be raising capital now? They actually have done this months before they had to, which strongly suggests they expect the share price to drop. The price movement told me this was coming (which I posted about) despite the need being several months away (which I also posted about). This screamed 'run away' (which I think no one missed being my sentiment). If I was holding now I'd be hoping management pulls one of the standard tricks, which is some sort of fluff good news to boost the share price to encourage take up, which would give an exit opportunity without getting burned too hard.

    I'm probably sounding a bit like the self appointed, President of I told you so land. Haha, oh well, I did tell you so.
 
watchlist Created with Sketch. Add CPH (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.