CXG 2.27% 21.5¢ coote industrial ltd

elphinstone in partial takeover offer, page-8

  1. 10,422 Posts.
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    must apologise to some extent

    i just got the targets response yesterday p.m. (and it looks like by the date of the envelope i should have got it earlier) so most of you would have had it days ago!

    some of my sentiments are echoed in that, yet i notice from a quick browse that they don't make my point that elph's offer in itself does not solve any liquidity issues - they do say how they may have a conflict of interest , and i think they say the offer will not help coote which sort of says what i was saying

    The targets response does make me more confident that much what i said was right (including the inherent value of the company) , especially about the 17 c convertible notes
 
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