Nothwithstanding that the Cory investment should have been written down long ago, there are a number of issues that the RE should address.
-If the article they refer to was in the 18 March edition of the Acquistion Daily, why did it take the RE until now to either notice the article or advise the market
-The article mentioned that the owner had received a number of offers. What exactly was the RE aware of and when were they aware of the offers
-The price of HHY assumes that there was a 50% chance of full value for Cory. If the article proposed assumed a nil valuation, the fairer process would have been to place HHY in a trading halt for more than 10 minutes or to clear all bids and offers.
I wonder what the proposed RE fee will be for the remainder of the life of the vehicle
HHY Price at posting:
10.5¢ Sentiment: None Disclosure: Not Held
