... and so it ends ... with a bone-dry announcement ...
... and the board wanted to unlock value??? This is comedic. Instead of 'unlocking' they should have been 'creating'. Common sense tells everyone (well maybe not these operators) that you have to
create value - before you unlock.
... they should have said thank you for your money, investors; not mentioning the time posters here have spent. ... like posting where we get the latest Tonik, like how good the latest purchase order from Theland or Woolies would be for finally becoming profitable - yes if only the turnover is large enough.
... and all those lofty options for the executives and board members are now worth nil, all time value in them now lost. ... and there were so many of them that posters here argued fiercely about them ...
...
and true to form, the BOD made yet another 'transformative' announcement.Watch out for updated CVs on Linkdin. They might read like: multiyear experience in running a multi-million dollar company, successful delivery to export markets and and penetrating the Australian retail space including gyms. Well experienced in managing and supervising a company during difficult situations, abiltiy to raise funds in the corporate finance space and from the capital markets ...
... I for one will be missing the latest C4 - where they finally break through ...
... I - in some sense - also will miss detailed and defensive or supportive posts with the concomitant 'buy' sentiment.
All the best to you, holders. You will be receiving letters from Korda Mentha for many months if not for some years ... These letters are also somewhat interesting to read.
Maybe there will be a restructure (like in Wattle that morphed into Wellnex). For the benefit of the reader I show how this one played out:
AIMHO - and I know nothing ...
I change my sell sentiment to none - due to this announcement.
(20min delay)