ever the sales pitch with deception as method, page-2

I don't have any experience at this level but it worries me that NC would extend this farce unless he is still confident he can pull it off which means he has some support from both the "independant" directors and the insto's.

For the life of me I can't see how the insto's would benefit from Crown moving to Frg apart from the crumbs thrown from a capital raising and most likely the bulk of the development money would be a direct investment from China anyway.

They own 74% of Crown in LYC now, if it goes to FRG NC will have 40% leaving only 60% free float between existing investors and insto's, say 25/75. So they end up with 45% of Crown and still face another massive dilution when the development funding rolls in.

Is NC simply using this extension to try and find an exit strategy or is there something I've missed?