I don’t care about the history of CMY - from what I know following the companies story from the BCC days, the company had no money back then and around $1 million debt before they entered the scene.
They are spending the $$ here at CHP on the many investments they have made, including 20Four & MJLS which are close to listing on the ASX, SynDynamics and are now seeking an acquisition in the blockchain sector with the appointment of an expert blockchain advisor.
All the directors own massive amounts of stock in this company and all 3 recently took up around $600,000 worth in the rights issue less than a month ago. They never owned large amounts of stock or anything close to what they are currently holding in CHP, so it makes sense/cents that they get this stock up as much as possible with the large holdings they have.
CHP was also charging CMY consulting fees not too long ago, not vice versa, so I’m sure you by now you can see that CHP has been setup in the best way possible to ensure substantial growth in the share price, much like what we have seen from the .005 level where the lucky ones like myself were about to accumulate large positions having assessed the risk vs reward factors for CHP, especially within the measly market cap at that point in time with the significant investments they had already made.
What happened at CMY definitely wasn’t a positive but I sure hope it was a learning experience for them to benefit CHP in the future.
CHP Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held