"Aside from the CN debacle, what grounds justify this terminal sentiment?"
- management of capital structure.. not just CN, but a consolidation that has failed to deliver on its objectives, bonus options delivering 50% dilution
- reluctance to acknowledge impact of CN on SP.. blaming HC posts and a shift of investments to mining stocks
- corporate governance questions
- apparent indifference to the above...
The tech is great.. everyone knows that, but there are still valid reasons over and above the CN which explain why the sentiment is down
Ann: Appendix 3B - Part Conversion of Convertible Security, page-71
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