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0.9¢ creso pharma limited

There is the one "if" in your statement.

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TheCreeper

132 Posts.

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15/12/20

07:25

Post #: 49575896
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Originally posted by freshtesh: ↑

Thanks for this - very helpful.

However I am not totally convinced the 15 day count will start on the 2nd Dec. I suspect it might start on the 3rd of December. Reason is on the 23rd they might wait for the closing price on that day and then count back including that day in the VWAP. So if VWAP starts on the 3rd of Dec, then looking ahead at best case scenario, if we average $0.35 for the next 6 trading days, then VWAP will be $0.27, with a 25% discount equals $0.20.

Let's say this happens.

I noticed there is a note saying there will be a maximum amount of raised capital to the value of $6m. Is that right?

So, $6m divided by $0.20 equals approximately 29m shares.

How many shares does CPH currently have available? What is 29m shares as a percent of the current number of issued shares?

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There is the one "if" in your statement.

CPH Price at posting: 25.0¢ Sentiment: Sell Disclosure: Held
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0 Great analysis

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