"On behalf of the Board of CityView, we are pleased to provide you"
They are pleased to provide us?
"The Underwriter does not hold any interest in the Company."
That's because they dumped their 75 mill a few months ago you fool! Now you want to pay them nearly half a million dollars on top of that?!
"(g) (Termination Events): if any of the following events occurs (provided the event is likely to have a Material Adverse Effect or give rise to liability for the Underwriter under the Corporations Act):
x. (Board and senior management composition): there is a change in the composition of the Board of the Company before Completion without the prior written consent of the Underwriter;"
Oh so if Smyth is booted and Pinnacle lose their puppet all bets are off?
"Mark Smyth will be entitled to participate in the Entitlements Issue and intends to fully take up his entitlement through the Smyth Superannuation Fund."
Good on you Mark! So whilst some people have lost tens or hundreds of thousands of dollars you 'intend' to spend $13k of you own money now! You little ripper.....
CVI Price at posting:
0.9¢ Sentiment: None Disclosure: Held