its not over yet..., page-6

I have been reading the very interesting posts from both WQL and Staraplania.

My view of the situation and I have had a history witg CMI for over 5years and have regular posted comments on this site;

1. The $0.95/CMIPC share is a forced price and is not the will of the board, hence the likelihood of a better offer is nill.
2. The dividend could have been paid at anytime as the cash is their. The board is not willing to pay. Why would this change. They have effectively free equity to use to grow profits/value only for the benefit of ordinaries as the A Class are capped. The time frame on this is unlimited.
3. Previous arguements have been that the dividend not being paid is resulting in unfare and oppressiven behavior by the board yet both classes aren't recieving a dividend hence it will not be oppressive to A Class only and so very difficult for a judge to rule against it.
4. TJN have no money to continue to fight a legal battle. Who now has the cash to fight the battle? I think WQL should answer the question.
5. WQL you should really take a long hard look at yourself and realise that the majority of CMIPC holders actually want out and but for a few may end up loosing a lot more. A lot of the investors in A Class were older looking for the dividend yield so suggesting they have time is a completely selfish view.

WQL, you argue a strong case to take the buy back and buy ordinaries which will result in a significantly greater return than if the board up the offer to $1.20 (which will never happen)

As you have only joined as a new member and your logic doesnt hang I would suggest that you may well be a stooge for the Board who would love the vote to fail. If not you are playing right into what their strategy has been all along.

If this was a take over offer holding out is a good strategy, but its not so I think your advise is missleading as you cannot articulate how and when the better offer will be achieved.

Don't misslead others without explaining how it can really be achieved.