Even in this market, they can get a synthetic placement away, no problem. Surely you know that. Except for today, it is still normal for CVI to do between $500K and $1M per day in ASX turnover. MORE than enough, and if it gets a bit tough for them, they can do a reconstruction – say 1 for 20 shares – and do it all again from a higher SP.
Why don’t you guys get it!? They are telling it to you with every new 3b, coupled with every broken deal!
CVI Price at posting:
2.0¢ Sentiment: None Disclosure: Not Held