Surely there must be some profit generation this quarter as...

Surely there must be some profit generation this quarter as well. Thus the expectation of more cash at the end of this Q and now a red herring. It is rather annoying to say the least that a cr is announced at a time when sp is at the current levels. The idea of retail shareholder value destruction is well and alive, when typically a cr is at least 15% below the current dismal sp level. Retail given the opportunity to buy at the same level will not arrest the fall. Say bye to 7.9c and hello to 6-7c at best.

Irrespective what the deal may be, not looking forward to market reaction. Another wanna be with an elongated timeline for any holder wanting a reasonable return on funds invested - particularly if one's buy in price was in the higher range then current. But of course directors don't care about that - they will keep their job longer whilst holders get screwed - at least in the short term.

Irrespective of what conclusion one may jump to preemptively, the fall in sp is a given if the cr offer is discounted. What a bummer, as I (and others) recently topped up in the 8's, thinking a good Q result may be on the way.

Another one for the bottom draw or was that a draw with a big hole in it??