You might recall that at around the time of the 22.2c Placement, CVI actually traded as high as 26c and traded a lot of volume in the low to mid 20s for that week. I'd think a lot of placement stock would have been moved on-market then, and some of it at a profit too.
But the other thing to keep in mind is that the money was all going to be spent overseas and therefore never had to be in CVI's bank account. It only needed to be booked (maybe just journaled). Therefore, exact maths may not be necessary and is impossible to prove. Any journal adjustment needed could be perfectly legal, explained by round-robin management/success fees or similar.
CVI Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
