Creso Pharma (ASX:CPH) shares up 30pc amid speculation on U.S. cannabis bill, page-869

First 869 Last

Share
Profile

Follow
Mattminton79

3,496 Posts.

1040

15/12/20

02:24

Post #: 49574928
Share

Originally posted by MasterPing: ↑

Ah yep, so the 15 days should be from the 2nd of December to the 23rd of December. So 23rd minus 15, and also the 6 weekend days that fall between.
The date of determination of the price will be the AGM date, 23rd of December. (From the announcement 26th of November)

"Approval/Condition Security holder approval
Date for determination Wednesday December 23, 2020
Is the date estimated or actual? ** Approval
received/condition met? No"

I posted this from the announcement earlier but just for clarity i'll post it again here

"Pursuant to Resolution 10 of the Notice of General Meeting, the quantum of future placement shares to be issued is based on a maximum amount to be raised of $6,000 000, at an issue price which will not be less than 75% of the 15 trading day VWAP immediately before the date on which the issue price is agreed by the Company. Accordingly, the amount of 250,000,000 Shares set out in this Appendix 3B is indicative only and is based on an indicative issue price of $0.024, which is 75% of the 15 trading day VWAP of CPH Shares as at 23 November 2020."So i am pretty sure that all means the issue price will be the 15 trading days leading up to the AGM date where the VWAP is calculated. I made an excel sheet to show the average so far, but obviously we need to wait and see what the next 6 trading days are like to know the real issue price.

Expand

Cool I read it from 23rd November.. Thanks for the clarification

CPH Price at posting: 25.0¢ Sentiment: Hold Disclosure: Not Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 777 more messages in this thread...

First 869 Last

Add CPH (ASX) to my watchlist

Creso Pharma (ASX:CPH) shares up 30pc amid speculation on U.S. cannabis bill, page-869

Featured News

Market Update: ASX accelerates ahead of future forecasts

Greentech and Anax team up to put Whim Creek copper hub on steroids

Miramar upgrades target within WA's Gidji, suggests extension to Northern Star's 8 Mile Dam

Sampling in Argentina points the way to a base metals porphyry for Belararox

After long delays, Mantle Minerals kicks off drillrun for gold at Mt Berghaus

Creso Pharma (ASX:CPH) shares up 30pc amid speculation on U.S. cannabis bill, page-869

Featured News

Top Stories

Market Update: ASX accelerates ahead of future forecasts

Greentech and Anax team up to put Whim Creek copper hub on steroids

Miramar upgrades target within WA's Gidji, suggests extension to Northern Star's 8 Mile Dam

Sampling in Argentina points the way to a base metals porphyry for Belararox

After long delays, Mantle Minerals kicks off drillrun for gold at Mt Berghaus