This is a classic case of the lambs getting burned on a share...

This is a classic case of the lambs getting burned on a share purchase plan.

Time to eat some humble pie before jumping in without any research.

The best way to make money from a share purchase plan is to buy put positions the day of the announcement with some naked short selling thrown in for good measure. Then on the issue date of the new shares, close out your position as the profit takers and the scaredy cats start selling with the massive dilution that has taken place.

CMV to 7 cents in about a month.