That was it PharmaCielo
The acquisition was first announced in June when it was proposed Creso Pharma be acquired at 63 cents per share via scheme of arrangement. Creso Pharma shareholders were to receive 0.0775 PharmaCielo shares for every Creso Pharma share held, which represented a value of AU$0.63 based on the 3-day volume weighted average price of PharmaCielo shares. At the time, PharmaCielo shares were trading at CA$7.61 and PharmaCielo Ltd had a market capitalisation of CA$675 million. Since then shares in PharmaCielo have plunged to CA$3.67. It has been a difficult year for Creso Pharma, which has seen its share price plunge from highs of over 50 cents in July to 20 cents currently.
Ha ha they tanked too check their price.
Ann: Consolidation/Split - ME1, page-21
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Mkt cap ! $918.7K | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
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| 59 | 27211131 | 0.2¢ |
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| Price($) | Vol. | No. |
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| 0.3¢ | 19466195 | 23 |
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