ordinary1 - I wonder who the new owners will be? Management?
I don't think so, they are not interested and have no skin in the game.
My guess is Magna - if they take full advantage of the top up offering after the shortfall announcement. A top up should give them well over 60% ownership and put them on track for a relisting.
The alternative is admin - I don't think they can raise even a third of what they want.
In both cases there will be quite some losses.
I continue to hold because CCUs investment value has already fallen so low that selling below last years CR (at 0.13) would not improve my situation in any significant way.
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i'm out, page-96
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