Is the CFC offer on the table? I thought their statement was that they would pay at least 35c IF they decided to bid. According to the company's announcement 21/5: "the (CFC) proposal is indicative, conditional and subject to a due diligence review".
It would be nice to know where CFC stand on all of this. They are after all the major shareholder, and stand to have their $100 million+ investment diluted by any recapitalisation.
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