Agree with you bottom feeder.
My additional observations to yours ;
1) cash continues to accumulate, however, to deflect from same, they will take another hit on the vendor loan in the December half, a great excuse not to pay A class shareholders again, all that remains to be seen is by how much.
2) stay tuned for an offer to buy back A class shares in March at between $1.00 & $1.20, with a May settlement date ( a few more months of cash accumulation ).
I doubt CMI legal advisers will take this to Court (March), apart from Troy's team taking apart each announcement & prospectus, it is my opinion the Company has gone back on its stated undertakings & intent of the A class shares, plus add in the reason behind offer to convert from ordinary to A's. A commercial judge is going to have a field day with this one.
How the Company is allowed to state it's NTA at $1.69 per ordinary share whilst not false given the wording of the A class prospectus, is definitely misleading when to get to this figure a class of "equity" of approximately 50% of the company's total capital has to be ignored !
ASIC the toothless tiger where are you ?
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Last
$3.15 |
Change
0.030(0.96%) |
Mkt cap ! $91.33M |
Open | High | Low | Value | Volume |
$3.14 | $3.15 | $3.14 | $63.28K | 20.09K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7000 | $3.13 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.50 | 2400 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7000 | 3.130 |
1 | 6989 | 3.010 |
2 | 10008 | 3.000 |
1 | 384 | 2.600 |
1 | 1000 | 2.400 |
Price($) | Vol. | No. |
---|---|---|
3.500 | 2400 | 2 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 15.13pm 03/10/2024 (20 minute delay) ? |
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