Ann: New CEO, placement & option to acquire Ivy blockchain, page-4

Yes agree with you on the timing of the CR. Poor form.

However look at the deal. CCA currently hold 165 mill tokens, They exercise the option to acquire 100% of IVY and they pick up another 730 mill tokens. They would own 895 mill tokens , currently trading at .065 back of an envelope they are valued at $58 mill. Ivy also has $17 mill ozzy cash on its balance sheet that CCA picks up. Currently market cap of CCA circa $45 mill. This is a no brainer. The stock is about to get a massive re rating. One of the reasons it had been under constant pressure was they were running out of cash. No longer a problem with the raising, plus as per ASX substantial shareholder notices the Acorn fund had been liquidating its position over the past few months. If they finished at the end of financial year?? Then the only real seller is out. Finally the announcement re the CR said heavily oversubscribed …...This stock is going up.