I can't help but feel looking at the very generous Amended offer to CER holders from the Management, with the bigger stake in in CRF that we are all getting a bigger slice of the same sinking ship. we are not out of the GFC fog in australia yet
1 - 8.7% more shares than first offered with a greater slice of the CRF Pie
2 - 9.5% increase in our supposed NVA
3 - and a 9.5% increase in our NTA great... well deserved
4 - and the management say No change to the previously advised financial metrics of CRF & No change to Board recommendation and Independent Expert opinions which a lot of CER shareholders did not agree with.
If it smells like s..t and it tastes like s..t then it just might be,
DYOR... I still will be voting no but my small holding won't make much difference good luck and watch out its rain s..t
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- Ann: CER Amendment and Waiver Agreement
I can't help but feel looking at the very generous Amended offer...
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