Originally posted by kpt3891
As usual Chinese one step ahead and will outwit and outmanoeuvre Aussie management who are totally asleep at the wheel. This would have to be one of the dumbest CRs in modern history. Really feel for long term shareholders having to witness this train wreck in action. Can just imagine the Chinese stuffing their face spinning the lazy susan guessing how low this will go. Sad... the company is eating itself from within and the smart Chinese will be the last ones to gobble this up for a pittance.
"
one of the dumbest CRs in modern history
" -- nice sum-up. It's either dumb or with untold agenda to push down the SP.
We cannot always complain the Chinese. This time it's all because NF, who endorse such RIDICULOUS CR. The suck should answer the question, with the SP around 7c, why the heck he did not ask for a straight CR @5.5-6c? Surely the discount is attractive enough to get existing holders in, or from new soph. Now the trust is gone. Confidence will take a long way to recover unless these moron BOD step down.
Will stay away from these morons in the feature, take notes here.
