Hi @chris6 I don't disagree with you. But because assets are undervalued, APAC may prefer cap raise than asset sale. It would be in their interest to acquire more shares at the lowest capital cost. Because they have a man on the board they might not agree with Nifty sale terms and prefer cap raise. I agree not logical, but they can vote that way if they like. So the real question comes down to the other board memebrs. Chairman bought in at 6.7 cents and is new. He might not mind waiting longer for a return and doubling down with APAC. CEO is new and we can guess will follow direction of Chairman. The only point I am trying to make is that market sees this as risky.
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