CND 6.25% 3.0¢ condor energy limited

Ann: Change of Director's Interest Notice, page-11

  1. 8,750 Posts.
    lightbulb Created with Sketch. 1377
    haha, with 3.2 bil SOI and no assets or money.... I dont believe that $3.2 mil is a cheap price either...

    Might be why I wouldnt touch this with a 10 foot pole, especially given the players involved...

    Even ignoring management its not a compelling shell to invest in IMO, MSE for example was a shell with similar players but with cash and alot less SOI... this does not have that benefit.

    Following any acquisition likely to have over 5 bil SOI (incl. raising of say $1 mil with acq. and vendor shares etc.)... so at .004 (1 bag from .002) your looking at at MC of $20 mil at least (likely more).... going to need to be an absolute pearler of an acq. to justify that.

 
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