Now it is time to think about the CHMO. At this stage it looks like they will remain dead as it looks unlikely that the sp will be 30c or so in 3 months to sell them for up to 5c.
What are possible strategies to salvage anything?
1. Selling on-market. -- No buyers, forget it. 2. Accepting the loss. -- Maybe. 3. Hopper shows his kindness to us loyal LT holders and issues us free new oppies 1 for 1 held. -- Dream on CHM holder.
Most realistic chance but no guarantee for working out as hoped for:
4. If funds at hand, buying as many heads as oppies held for as less as possible to hopefully recoup the losses over time. The Christmas-Blues should provide a cheap entry, if lucky we could get heads for less than 2 cents depending on some holders frustration and their " capitulation ".
Haven't been contacted by CHM to throw in funds for the possible shortfall distribution. Either they are happy with $4.5m or got someone else to pick it up. Looks like I am better off buying on-market anyway.
The current sp reflects failure, the achievements / data suggest $ 1b+ company. At some point in time the sp will adjust. When?, that's anyone's guess.
GLTA
CHM Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
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