Pretty bearish estimate but I see where you're heading.
When the boardroom battle first began, it was sugested to me that a "flip deal" would probably happen around the beginning of August, once this new lot had gotten their seats warm.
The speculated price was 48c but given recent announcements and our beaten down (sorry...did someone just say manipulated) share price, I think it is unlikely.
I still think 25 to 30c is possible and retain my faith in CIBC to make sure the right thing is done.
The other thing worth remembering is that whilst we are small fry (not that I know how many shares you hold), there are still plenty on the register who are not.
There is only so much these bigger players will allow and if the stench gets a little too much on the nose, our new board will be swiftly held to account.
LHD Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
