It's almost a certainty the major holders won't accept scrip on a foreign exchange at <10c Aueq when the stock is trading at those levels now
What I want to know is what have management done proactively in the past 6-9 months whilst this bid was going on to ensure we have alternatives ? Seems to me they have been happy to just sit and milk and wage and pass the buck to CAKRA with this bid
If they think they will wait till the last day for the T/O in November then provide some update saying "due to market conditions we are not proceeding" that is poor form
They would already know 100% now the direction the majors want to go, the SP of CAKRA and the status of the T/O, so why not update the market instead of keeping us in darkness
Lynch is an absolute lightweight, no clout and even with Platinum in their corner they are still getting screwed - what a joke
CKA Price at posting:
8.7¢ Sentiment: Buy Disclosure: Held
