That's more like my recollection. Another COE distortion.
These coeboys, Hanco ck and COE are not going to win IPM holders over as their future directors with all this distortion and hard talk. They need to show how they can develop, operate and expand on IPM's assets and opportunities better than the incumbent management team can.
At the moment all they are offering to bring to the party is cash that is not required, risk IPMers would rather not have, and a management team with no obvious competencies in operating IPMs suite of assets.
This stupid, ego/hubris driven, megomaniacal has cost us heaps as COE shareholders, and what is more has revealed just how distracted and unfocussed COE management have become. Not wonder revenue from their 3 year old international endeavour is looking like a taking at least a decade from initiation.
Perhaps if they were offering all cash, the bully boy tactics might work, but when you are trying a hostile script merger a little charm and polite woeing of your target shareholders might be a better start than aggravating them with mistruths.
EL
COE Price at posting:
29.0¢ Sentiment: LT Sell Disclosure: Held
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