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6.82% 4.1¢ carnegie clean energy limited

re: the issue(king penguin) A licence to print money. Here's how...

  1. king penguin
    345 Posts.
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    10/07/03
    12:23
    Post #: 201165
    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
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    lightbulb Created with Sketch.  Great analysis
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