announced after market.it was interesting that the csm board...

announced after market.

it was interesting that the csm board dismissed tty's bid due to insufficient detail such as the dilution expected as a result of a possible share placement to noble etc as consideration for providing $350 million to meet the cash component.

there is equally insufficient detail in gilbertsons offer regarding anticipated dilution as a result of "transactions". or are pallinghurst, amci and co going to fold assets into the new csm for no consideration.

maybe gilbertson will present share holders with a transaction (subject to a yes vote) which we can evaluate.

this week and next will be intersting ahead of the vote.

cheers