is there any hope..., page-11

Jim,

I beleive if they proceed with the share offer it will be just that - an 'offer' to the fmf holders. One would think that if you had cash in the fmf it would be a hell of a decision to have to make. Almost a case of the lesser of 2 evils???? Either -

1. accept ciy shares, which in any number will create further dilution from an already diluted price, or

2. run the risk of staying in the fmf, but probably not having access to funds for a while longer until market conditions, and debt levels, improve.

Not great options either way at present. If it comes to that, i'm sort of glad it's a decision i won't have to make...

A few posters on the ciy thread with cash in the fmf have recently indicated they would stay with the fund.

Regardless, agree again jim, if ciy sell a few assets in the meantime hopefully it will not come to that situation.

Hopefully.....

Cheers,
Mac