CPH 0.00% 0.9¢ creso pharma limited

Ann: Share Purchase Plan Closes Oversubscribed, page-22

  1. 1,196 Posts.
    Looks like everyone is having a panic and short term view. Over the past month they have had a CR, a share offering to current SH and a share release @.69. A stock can not permanently go upwards and a company can not operate on a non-revenue expansion, if people take a step back you can clearly see that company directors are trying to raise as much capital as possible while there is significant interest in the stock.

    After they have done this it will probably carry them through for the next 12 months to 2 years dependent on spending and further expansion, this is actually really good news because speculating on future announcements, most of them will be good news sending the SP back up.

    All these announcements will lead to caps in the stock at which time a lot of the ST/MT traders will profit take and try to push the SP lower to accumulate and repeat the cycle. For those holding long it is just the start and in 1-2 years it will be interesting to see how much the stock has risen from buy in of 20-30c
 
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