re: the issue(king penguin)
A licence to print money. Here's how it works. A large shareholder owns 13 696 531 shares on the record date. Shares move well above 20 cents as a placement @ 10.5 cents is announced (unbelieveable really). To date the large share holder sells their holding down to 9 208 531. 4 488 000 sold so far. Probably looking to unload 5 000 000. Let's say 5,000,000 @ av.21 cents. Then with shareholder approval they buy them back in the placement @ 10.5 cents. Profit $500 000. Nice work really.
CCE Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
