Now we know why First Cobalt wanted to trade for 2 days after...

Now we know why First Cobalt wanted to trade for 2 days after their announcement and publicity in Canada.

Because if they had gone into a trading halt - as they should have been made to - like CO1 did at the time of the announcement, then the announcement today would have had to say;

"... representing the equivalent of approximately 8 cents per CO1 share... "

In fact, the actual equivalence would have been exactly 0.07975 cents per CO1 share.

Though it probably just shows the proportional over valuation of CO1 to First Cobalt at the time (or the low valuation of First Cobalt).

So they had to align prices somehow, and raising First Cobalts price was the way they did it.

In other words, they had to do one of three things, either raise the price of First Cobalt (hence the 2 extra trading days), or lower the price of CO1 (not preferable), or adjust the proportional calculations (not preferable).

Either one needed to be done so the announcement made things look fairer. And we can see which one they went for.

Gw