Whatever happens this second tilt by cape at PCH will put a higher base SP under PCH if it fails. New Investors and old Shareholders begin to realise what PCH is really worth.Personally, i would prefer cape to fail and secondly to have bought a lot more shares back when they had the 0.7c SPP a few years ago. That was an unusual arrangement, you could buy up to your $5000 limit as per usual but you could participate in any shortfall which i missed out on as i didn't read the fine print. There was a large excess of shares as the company was in a mess but about to turn the corner. Trouble is i think cape will go all out to get PCH this time and i am sure Cape will be aware of the price PCH directors might support otherwise why waste everybodies time with this second attempt. Its all good news. I would still rather leave my money to ride PCH for a couple more years.
RAB
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