5 year post mortem, page-4

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natnicnak

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07/07/24

14:02

Post #: 74642785
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Originally posted by optimistus: ↑

You keep posting these philosophical nuggets but you display no interest in engaging on any genuine discussion.

What are your thoughts on likely next steps from here? Given the current share price is trading well below 15c I'm wondering whether we're nearing a point at which a private placement might be necessary.

Clearly there isn't a lot of retail demand at 15c (at least with current management in place) however if BB was to take a larger stake now that might be a catalyst for a rally (which would have the effect of costing him more to get full control).

This dance isn't over, it's just getting closer to the interesting bit.

Non-acquisition investing isn't a one and done. Defending a poor decision for years with no capacity to engage or reflect on the reasons or what might happen next is the opposite of what Munger's on about here.

Expand

I believe I was quite descriptive here recently:

https://hotcopper.com.au/threads/ann-completion-of-institutional-entitlement-offer-and-placement.8063931/page-8?post_id=74468262

Read again.

CCX’s release outlines use of funds based on the maximum underwritten amount of some $17.5m, including proceeds from sale of Avenue and cost restructuring.

Unsure of gaps you are referring to.

CCX Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
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Last 8.8¢		Change 0.003(3.53%)		Mkt cap ! $33.89M

Open	High	Low	Value	Volume
8.4¢	8.8¢	8.4¢	$25.33K	292.4K

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1	60267	0.086
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5 year post mortem, page-4

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5 year post mortem, page-4

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