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3.9¢ g medical innovations holdings limited

@lakota6 thanks for getting to the bottom of the why/how the 4.2...

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gilesy71

400 Posts.

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13/05/20

17:38

Post #: 44601901
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Originally posted by lakota6: ↑

No it is not all bad ,and as your rightfully say the CR investors are taking their profit as was expected.

There will be a fair bit of trading to themselves , in other entities , so the volume can be a bit misleading.

They will wash through eventually.

Notice there has been no substantial holdings notices released by the company , so none of the 80M has been kept in any number by the CR investors , even with a large discount to CP.

I made a few phone calls today and I still stand by my posts that shares were issued at 4.267 cents .

If you applied for 1 million shares , you were issued 650K at 8.5 cents and 350K at 4.267 cents for an average price of 7 cents. No-one got 4.267 cent shares by themselves.

This is what I was told and matches up with the ASX release , make of it what you like.

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@lakota6 thanks for getting to the bottom of the why/how the 4.2 cent shares where allocated (all while fighting off a sea of hecklers)..

Last edited by gilesy71: 13/05/20

GMV Price at posting: 7.3¢ Sentiment: Hold Disclosure: Held
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