One would not know. Looking messy to me.
i am just wondering if Bioglobal directors Stephen and Ken (who both have or had CNN shares) were happy with the dilution of Cnn's holding in Bio. Is this a happy camp remembering Ken resigned from the CNN board 9 months ago with no explanation why. And no news on Bio at all. Did either of them buy the shares at 10c which Just considered maybe cheap given their 17c valuation. Mr D also comes into the equation with major holdings in both CNN and BIO on his own admission.
I also wonder if there are conflicts of interest here which could effect trading of CNN shares - Aquenox or Bioglobal? Bioglobal or Aquenox? With limited capital and resources how can both divisions be developed successfully in a timeframe to satisfy shareholders and equally also to all directors aspirations for each division.
This thought has been in my head for a long time now and the dilution just raised my concern again.
My gut feeling is there will be no block buster announcement but just something enough to keep us afloat and plodding along a la last 4-5 years especially with the AGM approaching..
I could be horribly mistaken though. Feel free to enlighten me.
Cheers
Slew
One would not know. Looking messy to me.i am just wondering if...
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