CXS 0.00% 70.0¢ chemgenex pharmaceuticals ltd

where to from here ?, page-28

  1. 16,495 Posts.
    lightbulb Created with Sketch. 777
    Well if you are paying 14c a share for CXSOA options and have to cough up another 75c when they expire in feb2012 you must think a price above 90c is on offer otherwise you have done your doe. That is in complete reversal with what the ordinary shares did. No logic i cant explain it. But it indicates the ordinary stock should be bought up and not sold.

    Todays 2m shares sold in CXS represents only .65% of the amount of shares on offer , lets not forget the top20 a few days ago were holding 82%. So todays price fall from 65c to 60c maybe nothing more than someone needed cash.

    Closure date is 23may , extension by Cephalon possible also extension once 50% is reached by 2weeks is possible, need to confirm if this is case in this situation.
 
watchlist Created with Sketch. Add CXS (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.