The day before the CR the SP was in the $2.50 range. Now we know that talks and negotiations would have been going on well before that so that the CR could have been announced. So what's a fair amount of time for talks over the raising of 26mill ?? A week? 10 days? The SP in that time was in the $3.40 range.
Now it's been stated in these threads that the company was strong and even hitting forecasts out of the park. If so, how did such a low discount down to $1.50 get decided on??? Certainly not as a discount to VWAP as that would have been massive. I also read that the CR was carried out with existing institutions. Interesting. Guess who was selling down leading into the CR knowing what was about to happen??
Wow!
CBR Price at posting:
88.0¢ Sentiment: None Disclosure: Not Held
