SPX 14.3% 0.6¢ spenda limited

Ann: A$1.1M Upgrade to the Spenda System Released, page-60

  1. 689 Posts.
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    I like the sound of a 35B MC but if it was dealt on the current SP and Shares on Issues, it would mean a 35B MC would equal to a $12 share price.

    Assuming no further shares issued (currently 2.8billion issued shares and market cap of 167m).

    Anyone seen VULcan jump to $12? The only way they could do this was the thin ASK ladder which allowed the market makers to jump the price up quickly. That together with a low float.

    So in theory, $12 for CRO is possible but given the current shares on issue, this would need to be drastically reduced.
    A reverse stock split of 10:1 would reduce to 280m of shares and this would be realistic. But then your SP would need to start at around the 60c range.

    A reverse stock split might not be a bad idea if you want to jump to $12.


 
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