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Pharmargeddon

3,152 Posts.

335

18/06/20

13:58

Post #: 45300376
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Originally posted by kf82: ↑

As per CDY's announcement "Of the total shares issued under the Placement, 17% ($1 million) will be issued toDirectors Dennis Eck ($950,000) and Maria Halasz ($50,000), subject to approval at anupcoming General Meeting of shareholders"
That approval came in on 21 May!
There has been NO change in directors interest so they have NOT participated.
Now in my opinion the reporting from this company is horrendous. They should have stated to the market that those two directors elected NOT to participate in the CR. Lets face it the company's announcement of 7 April states "Cellmid has raised $6 million (before costs) via a shareplacement from institutional and sophisticated investors"....."has raised"???? surely means they have the cash....its past tense FSS????
So confused!!!!!!

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Hopefully todays announcements have cleared that up for you

CDY Price at posting: 11.5¢ Sentiment: Buy Disclosure: Held
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