Some might have missed what's just happened here so I'll explain...
Ok, their announcement of the 600m shares at 0.3c is the first thing to look at.
They (cgb) said that this was an unsolicited approach !!
Those unsolicited 600m shares have an issue date of this morning, 5/6 days after the announcement.
Right then..so it is what it is, BUT !!
14 HOURS BEFORE the 600m are issued, they amend it to add an EXTRA 10,000,000 shares !!
What are the extra shares for ??
BROKERS FEE !!
The BROKER approached THEM (cgb) !! NO FEE PAYABLE !!
The broker's clients are the ones who pay their broker for the service !!
If you then look more closely at the ammended ann, you'll also see the % of that is SIX PERCENT !
Where does 10m relate to 600m and the result is 6% ???
Jeez !!
Unbeliveable !!
Ann: Placement finalised, s708A Notice, page-5
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