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Ann: Trading Halt, page-71

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mitis

6,742 Posts.

158

14/09/17

10:40

Post #: 27210084
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Originally posted by scuba12steve ↑

Hi,

I'm a long time lurker on this stock and this is my first post on HC. I've held it for just over a year and I was lucky enough to average right down, I grabbed some at .0065 on the 18th which set me up quite nicely.

I was looking the CR in terms of dilution because some people were mentioning it, and I wanted to run the numbers and see what effect it had. And from how I view it, it truly is a drop in the ocean, I used average down calculator to demonstrate it, based on the End of day price on Monday.

View attachment 729417

I used $10,000 as the buy commission, since each buyer in the CR was only allowed to buy $5k worth and I guesstimated a worst case scenario of $100 trade fee per buyer and 100 buyers in total.

So as far as I can see the material difference this makes to us .0003 .... which is almost nothing..

Is this a fair evaluation or should I use a different base cost in the purchase price field for the original shares?

Expand

A CR doesnt necessarily mean a SP drop on relisting. Look at CCZ today, another one I got onto thanks to Valvesoun'sd posts.
Today they announced a 3.2c placement(heavily oversubscribe) and on relisting they traded up to 4c, last 3.9c ........ no drop (yet?) to 3.2c, so there you go. Where will CGM open tomorrow ?

CGM Price at posting: 1.8¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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