Quite frankly if this issue alone gets resolved, I’ll be happy
All of you should email Centro with your concerns of the payout method to CATS holders
It is disgraceful and should be reviewed before settlement
Quite clearly, the issue of shares is not in our best interests and it has a material effect on our NTA. We’re talking around 8c NTA, not 1c
Centro mentioned in their settlement ann that they had the option of cash vs shares. This was also highlighted in supplementary disclosures prior to recapitalisation.
CATS holders will have no right of recourse as an $85M cash payment will fully compensate their claim
Even a $120M cash payment still works out to be a more favourable NTA outcome for CRF holders!
Let them know how you feel
The result is not in our best interests
Cheers
CRF Price at posting:
$1.96 Sentiment: Buy Disclosure: Held