CST 1.32% 7.5¢ castile resources ltd

re: cst = sales / spp Good Morning,It seems that the SPP shares...

  1. 4,086 Posts.
    re: cst = sales / spp Good Morning,

    It seems that the SPP shares have been issued this morning. A $5000 application received 720 shares (ie $1728 worth).

    Re the insto placement question raised. I have been told that there was a one month escrow on those shares. I don't know if that was formal or informal. I agree, however, that there would not have been many that would be taking a quick profit when much larger rewards are on the horizon.

    I have been a little more conservative with my profit per test figure. Rather than $8 per test, I have worked on $5 per test. Of course we really don't know what it is as the company have never given us a gross profit margin other than a general guidance that it will be in the range of 60% to 90%. (IMO, the lower end is more likely).

 
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