letter to shareholders

Good letter to shareholders explaining the boards decision to reject the $1.30 offer.

Obviously were getting a lot of feedback, positive and negative, from shareholders concerning their methodology. I sent an email supporting their decision.

Makes me feel alot more comfortable with my sizeable holdings.

This company is holding up very well against the entire ASX. Only about 3 more weeks until the preliminary financial report is due.

I wonder if next February, CAPE might make a hostile takeover attempt for the company and buy shares on market. I suppose it will be dependant on the shareprice and the ability of CAPE to raise funding.

Hmmm..