what has changed?, page-7

It has been a long time though. It all depends if CFC are ego based really.

If it is a real company (not an individual) they would have written down their losses a long time ago (i doubt they are amateurs). Its a sunk cost really, and the investment would have been taken as a loss last reporting period (although heavily depends if they take the failed bid as a point or if the shares are in some kind of holding account so it avoids mark-to-market). Hell, they are probably operating from the same point we are roughly.... 0.14-0.18 on the balance sheet anything above is a profit at this point! So selling for 0.35--.40 would be a profit for these guys....

That's if ego isn't involved........