Yesterday I thought that it would be easily possible to buy at less than $1.10 after the new shares were able to be traded on the market. I also hinted that the retail SPP might flop.
Now I see a low of $1.03 and the day is not over.
You have to ask yourself whether the retail SPP can even be done at $1.10. And Creso can't really drop the price as the sophisticated investors have already purchased at that level.
Creso would lose all credibility.
When the new shares come to market the SP will be lower than currently.
Still believe strongly in this company as LT hold. These are big glitches however.
CPH Price at posting:
$1.04 Sentiment: Hold Disclosure: Held
