capital raising, page-32

tannin
nothing personal mate,
but that is tne
same old crock of shite that we have been expected
to swallow for months as the sp spirals down.

the health, strength,and management of any organisation
is reflected in its share price,
and all the semantics
about positions of leverage based on location are certainly not reflected in either the sp or the direction its heading.

now you have to ask yourself the question,
is that because of the way negotations are being
conducted, or is the magical mythical phoenix
really a bit of a goose.

position, position,position,

well it does'nt mean much if you don't know how
to sell it,
and as for that old hoary clapped out
mantra of "they need it more than we do"
its hard to believe there's any mileage left in that
after the number of times it's been trotted out.

surely if there was such intense interest in phoenix
because of its potential and its proximity to the
mainland you would see the line of prospective partners
queued up outside cvn's doors, with the usual leaks and rumours in the financial rags.

unfortunately, we are not the only real estate in town,
and from the way things are panning out as reflected
by the sp we cant even afford to give it a lick of paint.

any money raised by the offer is going to be needed
to try to rejuvenate our other phoenix - thailand

plenty of ashes there to give the old bird a head start

too dumb for sentiment

macgee