Interesting you make this comment referencing the run from 6.4...

Interesting you make this comment referencing the run from 6.4 to 21 to 11.5 cents. Because if you take 6.4 and add 21 you obviously get 27.4 cents .

So divide that by 2 as a rule of thumb and assuming more or less equal volumes on either side , and you get then the midpoint share price of 13.7 cents.

And who normally purchases large amounts at the center point pricing ? The Insto's right .

And where was a large portion of the late day's trading going through at ? It was 13.2 and 13.7 cents right.

So looking at the pricing of IOU's capital raising ( per below ) and what do you see ? 15.06% premium right.

So what is a 15.06% premium to CRO's last closing price of 11.5 cents ? 13.2 cents yeah ......

" Pursuant to the placement, 100,000,000 shares were offered to investors at an offer price of 50 cents pershare. The pricing represents a 15.06% premium to the 15 day volume weighted average price ("VWAP")of the Company's shares on ASX prior to the date of the placement. The price of $0.50 represented a28.57% discount to the closing price of $0.70 on 15 February 2021. "

Anything is possible, people.

But according to my figures and as per the July 2020 AGM , the combined resolutions were supposed to be authorising Up to2,483,320,810 NEW shares be issued

However due to a reduction and Obsidian waiving off 357,269 Convertible notes with a face valueof US$1 through a reduction of 20 million collateral shares instead of the originally amount of 40 million held by Obsidian, and a higher pricing calculation due a higher share price closer to 1.0 cents , they ended up with a much lesser profile of total shares to be issued.

So as far as I can see , this adjustment to the total potential shares originally proposed was a direct result of this offset to those proposed in Resolution 12 of the July AGM which more or less resulted in a reduction of the overall proposed shares to be issued by 737,011,416.

So in summary , this together with the fact they opted for ' Pre-Paid ' options instead of ordinary shares has left them in a situation whereby they have issued approximately only 1,141,023,452 out of the original " up to 2,483,320,810 " which in turn was reduced by approximately 737,011,416 ....and which then leaves them with approximately 605,285,942 left from their ' pre-approved ' up to One Billion shares to be issued per Resolution 10.

Interesting as well that if you were to assume ALL pre-paid options were to be converted and this total balance of 605,285,942 shares were to be issued by way of some sort of placement , it would ONLY represent approximately 21.4% of the entire Company's shares on issue ' Ex ' Appstablishment merger and roughly 23.8% post Appstablishment without conversion of pre-paids.

And only approximately 16.6% of the share register post Appstablishment and including ALL pre-paids as converted ordinary shares.

I guess the real point here is that they have approximately 605 million shares still left in the kitty to be issued when and how they see fit , and should they ALL be issued would only dilute the register by only a little more than the ' Pre - Paids ' ..... Or just over 20 %