Yes anything can happen.
Two more CR's , a few Trading Halts, Administration, Suspension and then the receivers will come in to sell off whats left.
It's a punt alright.
Wonder who will end up with the Crown Deposit ? The CLD ? Duncan ? Any bets ?
You'd be better off going to the high rollers room in your state casino and putting it all on red or black.
Less headaches and much quicker than watching the slow death of this company.
Better chances with roulette than the SP ever reaching 11c by September 2015, 10 months away.
I would liken their chances more to putting it all on zero, about 35 to 1, if that.
If it doesn't hit 11c all the latest rights issue oppies expire in Sept 2015.
If it does then the supply of shares for sale will be an incredible volume of those just wishing to get out. 700 million odd more shares will hit the registry.
If the SP doesn't reach 11c in the next 5 months they are again out of cash to continue in business. They will be insolvent.
They need the cash from the options being exercised to continue making their losses and paying director salaries, not to mention all the other workers at the LAMP and Mt Weld.
Mitta3 was right "Hope is the denial of reality"
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