CMR
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From my limited understanding of what happened the JV partner...

  1. paymenow
    102 Posts.
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    03/02/09
    07:53
    Post #: 4753638
    From my limited understanding of what happened the JV partner issued a conflict notice on the Wednesday night.

    The prudent thing for the directors to do was to try and save any cash they had ($9M) and try to minimise the loss for creditors/shareholders.

    Any other action would have been a breach of their duties.
    CMR Price at posting: 15.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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