Australia's largest stock trading and investment forum Australia's #1 stock forum

CPH

Click for more information

0.00%

0.9¢ creso pharma limited

Creso Pharma (ASX:CPH) shares up 30pc amid speculation on U.S. cannabis bill, page-871

First 871 Last

Share
Profile

Follow
TheCreeper

132 Posts.

2

15/12/20

07:25

Post #: 49575896
Share

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?

Expand

There is the one "if" in your statement.

CPH Price at posting: 25.0¢ Sentiment: Sell Disclosure: Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 775 more messages in this thread...

First 871 Last

Add CPH (ASX) to my watchlist

SPONSORED BY