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1.89% 5.2¢ cann group limited

CAN 2020 SP discussion, page-101

  1. JRSelvedge
    2,403 Posts.
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    22/01/20
    11:49
    Post #: 42510682
    Clever manipulation.

    CR at 40c would have been a disaster and would have had minimal take up as fundamentals looked very poor and big dilution.

    But - pump the SP way high, then let it retreat so people (well retail...) think it’s the new normal and was obviously “overbought” - then bingo! Do a CR at “fair value” (lol) @ multiples of where you were originally.

    DYOR IMO



    CAN Price at posting: $1.32 Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch. 1  Great analysis
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