A few dollars being thrown at the options in case they issue more freebies, but sheesh - how much can a koala bear?.........and will the 700 million decent or hard done by shareholders actually grant the issue of free options at an EGM when so many of them go to Smyth, and the advisory board?
Hi Raks,
The company controls still a large swag of shares and most people do not vote on issues at an EGM.
From a perspective of not knowing much about the company, if they give 1:1 options at 1.25 cents, the options would have to have a value of about .3-.4 cents each at current values. More of course if they manage to pump it.
I think the buying indicates that the jungle drums have been drumming. Would not be at all surprised if a exciting announcement came out from CVI that would drive the price upwards, but more importantly generating the volume for all the placement getter to sell out nearer to one cent.
CVI Price at posting:
0.8¢ Sentiment: LT Sell Disclosure: Not Held
