STTCOMP COT FA Long
Continuation Investments
SP-9c
MC-$2.4mil
Cash-$1.8mil
COT agrees to backdoor Plukka a Hong Kong based jewellery retailer with an emphasis on online sales but also opening pop up stores targeting high end markets in Hong Kong and USA.
http://www.usatoday.com/videos/money/business/2015/07/01/29600059/
COT will undertake share consolidation on 3-for-4 basis and capital raising of up to A$10,000,000 at A$0.20 per share.
This would equate to having a SP of 15c now so with a current SP of 9c this is a massive discount to where the SP needs to be.
Certainly high risk but would think COT will provide more details soon to attract investor interest to the proposal.
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