You make a good argument, and I appreciate your well-reasoned contrarian position.
But three parties disagree with you about the ability to get a positive return on the assets, otherwise they wouldn't have made unsolicited offers. And if they company is to be believe, at well above current market cap.
I have learnt one thing investing in undervalued, speccies like CE1 over the years - things can turn around quickly. And if I can see value, others can too.
I am glad the CE1 board can see opportunistic lowball bids at the bottom of the cycle for what they are.
Will be good to have this financial year behind us (although I think we were saying the same thing last year ).
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