Ann: Company Update, page-44

under your scenario they should have just taken the funding option if it was possible as a stand-alone. as you mentioned previously, the sweetheart deal for ceo to take private & discussions that went with it may have also had an influence. Given stupidity that I have held until now, I am weighing up whether to see now is mistake or not. the cmc site hs fair value of 69c which is what it was a few weeks back. If funding or buyout you would expect share price will go up. If court case lost & liquidation would expect it to be down. Such a breathtaking loss of shareholder value. Even if it grew more slowly, it would have been a great business if they were more conservative with accounting early on.