CGP 6.78% 6.3¢ consegna group limited

Ann: Share Purchase Plan Results & Private Placem, page-14

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  1. 582 Posts.
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    re: Ann: Share Purchase Plan Results & Privat... Samson & Elite, I guess it's possible that Lind where selling off last week prior to everyone else knowing their spp entitlements. They were issued shares at .002 & some could have been sold for .008. Also SI's who got in at Xmas may have offloaded some last week for 100%. That's to be expected. Lind could still be a seller at .005/006 and still come out a significant winner.

    Elite, that's good what you point out and I hope MR & team can do with cgp what they have with others. My concern is that this SP was already at 2-2.5c at the time of the original BA deal about 8 months ago, with a product that was meant to be close to "market ready". Since then we've seen Tomlinson, Fleiter & Pannuti all go, as well as half the science team over to IMU. We had a BA brand ambassador appointed last May and had a segment on Eddie McGuire Tonight (on foxtel) and trials were conducted on the Australian cycling tour.

    I guess those that follow MR have had several months to buy a small stake prior to Xmas and maybe participate in the SPP. I was somewhat surprised by the amount of support for the SPP. In the end I changed my mind and participated in the SPP after much deliberation and speaking with the company.

    They've moved quickly to instigate change, cut costs, move offices and install some confidence in investors so I'm looking forward to hearing more of the blueprint for the future. I hope you're right Elite that .006 will soon be a distant memory.
 
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