CCA 5.56% 6.8¢ change financial limited

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  1. 8,134 Posts.
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    Correct me if i am wrong but CCA did very well out of this transaction.

    From memory they only paid $100,000 for 33% of the project and 130,000,000 IVY tokens.

    They have just sold their 33% share in the IVY project for $1.5m and retain the 130,000,000 IVY Tokens.

    From where i am sitting this was a very good investment by CCA at the time and although i agree they should stick to their core business we need to give credit where credit is due.

    CCA is now in a much stronger position than it was 3, 6 even 12 months ago. They are now focusing on only one side of their business which will bare the most fruit, looking to sell off the rest and now added an additional $1.5m to the bank account along with holding 130,000,000 IVY shares.

    For a company with a market cap of only $5 million fully diluted and approx $2.5m in the bank at end of this quarter, an asset that is currently for sale (value unknown), 130,000,000 IVY tokens, a business currently being built with the ability to be a real money maker and a $4m con-note facility in my opinion things are finally looking up for CCA.
 
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Last
6.8¢
Change
-0.004(5.56%)
Mkt cap ! $51.92M
Open High Low Value Volume
7.0¢ 7.0¢ 6.8¢ $12.20K 174.7K

Buyers (Bids)

No. Vol. Price($)
2 378787 6.6¢
 

Sellers (Offers)

Price($) Vol. No.
6.8¢ 56703 1
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Last trade - 14.13pm 15/11/2024 (20 minute delay) ?
CCA (ASX) Chart
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