Ann: Response to ASX Query , page-7

They didn't admit to insider trading, but probably answered yes due to the second paragraph of question 1 from the ASX.

CGV's response to question 2 makes it very clear that nothing has been agreed however they are in discussions with a third party. This would suggest they are not in a position to put the company into a TH.

IMO the rumour mill is running on this speculating on either China or India. Either way the company is very cheap and is a great buying opportunity even at 8cents. I'm comfortable in buying up to 10cents then wait and see if an announcement comes out. LBY is at 11cents on absolutely no news except the formation of an advisory panel. CGV deserves to be at least 10cents.