What a shell game! One failing company making a huge all paper offer for another failing company. The only advantage is that with Scott added as a director Linton will have a majority on the board and can get rid of the EverBlu connected directors. I would then expect a major North American placement, at a deep discount, to dilute EverBlu and other Australian holders. Company HQ will move to Canada. Australian shareholders shafted.
CPH Price at posting:
9.6¢ Sentiment: None Disclosure: Not Held