CTO citigold corporation limited
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re: Ann: GML: CTO: Citigold Takeover Bid for ... Hi Auag,This...

  1. Karlene
    2,336 Posts.
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    03/07/09
    20:17
    Post #: 5356110
    re: Ann: GML: CTO: Citigold Takeover Bid for ... Hi Auag,


    This takeover in my honest opinion is not in the best interest of Citigold shareholders.

    With so many shares outstanding post takeover my only worry is that they will spring a one for ten reconstruction on the poor old unsuspecting shareholders. This may have the effect of boosting dividends (if and when they ever get around to making such a payment) but whether the share price will hold at the adjusted price, is in the lap of the gods. On todays closing price and assuming that they do what I fear, the new shares would have a theoretical value of $1-70. A mighty lot to ask.

    Have always had in mind getting back into this stock someday, but this latest news has given me much to think about.



    Best Wishes.

    Karlene
    CTO Price at posting: 17.0¢ Sentiment: None Disclosure: Not Held
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