With a 300% gain we could be back @2.4c ,
Yes we are all looking forward to that day also... NZT
Issue is SOI and the Mountain of Oppies that will need to be chewed through , you do recall the company was suspended on the 1st of October 2024
Suspension from Quotation
Description
The securities of the following entities will be suspended from quotation under Listing Rule 17.5 from the
commencement of trading today, Tuesday, 1 October 2024, for not lodging the relevant periodic report by the
due date.
If the report is lodged between the closure of the market announcements office on Monday, 30 September
2024, and the imposition of the suspension, the entity’s securities will normally be reinstated to quotation on
the next trading day after the suspension is imposed.
Then whilst in suspension announced the Complete Response ,,, no way to benefit for SH as in suspension from trade
whilst in suspension
The Placement will raise approximately $5 million before costs via a two-tranche issue of
approximately 625 million new fully paid Placement Shares at $0.008 per Placement Share (Offer
Price) together with 1 unlisted option (with an exercise price of $0.008, expiring 12 months from
the grant date) (Placement Option) for every 1 Placement Share issued, and is subject to CHM
shareholder approval as below.
Plus 625 million options..
Suspension SP price 1.4c CR @ .008c which was a 43% discount and with the free option 86% discount...
That's why the market are gun shy here at CHM.
Like you I believe the Science is incredibly Valuable ,, you don't hear complete response very often in this game,,, so why do you think with Complete Response and trapped in Suspension warranted an 86% discount?
Remember it was Management that controlled the lack of finances that caused the suspension and Hopper and Co were the only participants in the CR?
Company has been tainted and will take some time for the stain to be removed,,NZT
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