Ann: Trading Halt, page-27

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pear

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12/12/14

06:29

Post #: 14448975
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Originally posted by grandcaruso ↑

Hi Pear, You wouldn't be up 33% because 2.6% (100M shares ) of the entire CNN share registry is sitting in the queue at 0.003 and sure as nite follows day once they're cleared another 50M shares will crop up. All stale holders wanted to get out. Also you wouldn't have to pay much of a premium if there was a consolidation because say the price was 5c and there was someone in the queue at 5.1c that's only a increase or premium 2% not 50%.
On the flip side if I needed to sell at a loss at least there is some liquidity, spaces in the queue to sell into. I'll give you a relevant example, say I want to but 5M shares in CNN right now. I'm not going to pay 0.003 cost $15K, so I can sit in queue at.002 and get taken out straight away at a cost of $10K. Now if for any reason I need to liquidate the stock I only have one option that is to sell into 0.001c for a $5k loss. IMO any investor worth his salt isn't going to do that, they are going to stay away or sit in the queue at 0.001c. That's why we are stuck in the current trading range.

Trust me the gross margin is of concern and I wouldn't get into CNN if I didn't hold but I can tell you there are plenty companies in the ASX that aren't making money and many have market caps bigger than CNN.

You said the only thing keeping us afloat is the low share price which is so far from reality its actually playing out in front of you right now. They have been forced to do a cap raising at .002c because they can't go to .001c and they'll raise bugger all money because who in their right mind would fork up money when you can buy online for the same price later down the track when we get more details or see more results. So how are they going to get the money for the merger and to stay afloat.

Away my last post on this, wasted to much of my time. Good luck to all, although some of us have differing opinions were in it altogether.

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Hi Grand

Sorry to come back to this. But given that we have not moved whilst the rest of the market is falling is proof that the only thing that is saving our bacon is the low price. had we consolidated at any point, we would be back exactly where we are now.

In any case, I have written this off.We are a nothing company. It was always going to end up like this. Slew where are you?

Pear

CNN Price at posting: 0.2¢ Sentiment: None Disclosure: Held
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Ann: Trading Halt, page-27

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