Hi I was at the meeting along with about 40 other people so not a huge turnout. Quite a few questions asked about prospects. Carnegie it seems will design to point of sale then sell to companies to build they themselves will not be apart of that. If you take up the offer and it is accepted it will keep the company afloat for approximately another 18 months and by then hopefully they will be in a position to start to look for buyers importantly for me was if you take up the offer and it is not accepted your money is refunded not lost. If the offer is not accepted them liquidation looks likely. it was a 20 minute presentation of the plans for next 2 years followed by q@a. They seemed keen to answer and questions by way of email or phone calls so guess it is a case of dyor. So it seems the option is either to keep it afloat for another 18months to 2years and hope or allow liquidation and lose whatever investment you have made. Hope this was useful
CCE Price at posting:
0.4¢ Sentiment: None Disclosure: Held
