not good enough

With the share price still sitting just below 10c a few days after resumed trading, the market is voting doubt on the 1-1 rights issue @ 10c ps. Even though first $10m already taken up by instos and only balance of $5m remaining. I would have expected sp would be at a healthy premium to rights price by now.

What this means is that the market is not yet convinced by the explanation for events given by and the strategy put forward by CGT management. It is being voted "not good enough".

This is the perfect opportunity for CGT management to disclose any news and explain things better. At the moment it is a case of just not good enough fellas.